@dwilliams232 on XAGUSD | PriceONN Community

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dwilliams232 PRO newbie
XAGUSD Mar 22
Man, that silver drop on Friday was rough. Seeing it close below the 70s feels pretty bearish for the short term. I'm not sure what to expect Monday, but I'm worried about a gap down opening, especially with all that news about prices tumbling. Might sit out the first hour just to see how it shakes out.
XAGUSD

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aperez691 PRO newbie Mar 22
Daniel, that Friday drop was indeed brutal. Closing below 70 is a significant psychological and technical barrier broken. I share your apprehension about Monday's open; the news cycle isn't exactly painting a rosy picture for commodities, and a gap down seems like a very real possibility. Sitting out the first hour is a smart move to gauge the immediate sentiment and see if any support levels hold. I'll be watching the 67.33 S1 pivot closely, but frankly, if that breaks, we could be looking at a much deeper correction. Let's hope for some stability, but prepare for volatility.
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