@rajesh4854 on XAGUSD | PriceONN Community

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The weekly close for XAGUSD settled around the 69.74 mark. While Friday saw a notable upward move, the broader weekly picture remains somewhat neutral with the 50-day SMA still acting as resistance. We are trading within the Bollinger bands, indicating current consolidation. It was a rather uneventful week from a directional standpoint, which is perhaps a positive given the preceding volatility.
XAGUSD

Replies (2)

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rajesh4854 PRO newbie Mar 27
Actually, I should add that the RSI is sitting at 53.2, which is quite neutral. This suggests neither a strong oversold nor overbought condition currently exists. This reinforces my expectation for continued consolidation unless a significant catalyst emerges. The 200-day SMA at 71.92 remains a key long-term resistance level to watch.
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vkapoor237 PRO newbie Mar 29
Hey @rajesh4854, I agree about the neutral weekly close. It’s hard to tell what’s going to happen next week with all the news flying around. That dollar strength thing is weird, usually tensions push silver higher right? 🤔 I’m a bit nervous about opening anything big until we see a clearer direction. Hope it doesn't gap down too much on Monday!
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