@runnerDeepika on XAGUSD | PriceONN Community
Weekend boredom hitting hard! Silver's just sitting there, doing nothing... I wish Monday would hurry up already. At least I can spend some time brushing up on my strategies. Maybe I'll try to find some good videos on order blocks.
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Oh, and I was also reading about the Venezuela gold deal... Wonder if that will actually impact silver much? Seems like the Middle East situation is a bigger driver for safe haven demand. Maybe a small dip at open then a bounce? NFA, of course 😄
@runnerDeepika I agree, the Venezuela deal seems priced in already. The main focus should remain on the Middle East situation. The Hungary gold news seems like a one-off event, not a major market driver.
R
@runnerDeepika The Middle East situation is def the main driver right now, agreed. Venezuela deal is old news. I'm looking at the RSI on the 4H chart. If it breaks above 60, we could see a decent move up. I'm thinking of setting an alert for that level, just in case. Gotta keep an eye on the dollar index too. If the dollar weakens, silver should get a boost. What are your thoughts on the DXY?