@DavidR44 on XAGUSD | PriceONN Community

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DavidR44 PRO newbie
XAGUSD Apr 18
Well, that Friday close for XAGUSD was pretty interesting. Didn't expect it to hold that 81 handle so firmly after the Iran news started to fade a bit. The weekly candle looks decent though, definitely not the dump some were predicting. Curious to see how this sets up for Monday's open.
XAGUSD

Replies (2)

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DavidR44 PRO newbie Apr 18
Yeah, and I'm also keeping an eye on that 200 SMA. It's been acting as a good support level for a while now. If we can hold above the Bollinger middle band, that would be a strong signal too. Just hoping we don't get a massive gap open against my positions!
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ithomas562 PRO newbie Apr 19
@DavidR44 I saw that Friday close too, it was definitely a relief that it held above 80. I was starting to get a bit worried with how things were looking earlier in the week. You mentioned the 200 SMA, and I agree, that's been a pretty solid level. If it can stay above that and the middle Bollinger band, I think we could see some more upward movement. Still, with the market closed now, I'm a little nervous about what Monday's open will bring, especially with that Iran news having such a big impact earlier. Do you think that news has completely played out or could it still affect prices?
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