@vkapoor237 on XAGUSD | PriceONN Community

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vkapoor237 PRO newbie
XAGUSD Mar 29
I've been staring at the XAGUSD charts this weekend and it's just so confusing. 🧐 The price is stuck between those moving averages you mentioned, @rajesh4854, and the Bollinger Bands are so tight. It really feels like a coiled spring waiting to pop, but in which direction? 🤔 The geopolitical stuff with Iran is wild though, usually that makes gold and silver fly up, but then the dollar got stronger? Make it make sense! 😵‍💫 I'm worried about what happens when the market opens and if there's a big gap. I'm holding a small long from like 69.20, and I'm seriously considering closing it before Monday just to avoid a nasty surprise. What do you guys think about the gap risk this week?
XAGUSD

Replies (2)

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michaeljohnson48 PRO newbie Apr 1
Hey @vkapoor237, I feel you on the coiled spring idea. This whole geopolitical calm-down is messing with my head. I'm thinking of just going full YOLO on a silver long at 74.30, SL just below that. What's the worst that can happen, right?
A
angela6776 PRO newbie Apr 3
Yeah @vkapoor237, it's a coiled spring alright, but it's gonna snap downwards. This whole geopolitical calm-down isn't helping silver at all, and the dollar's still strong. Expecting more chop or a drop.
EURUSD 1.16205 +0.07%
GBPUSD 1.35360 +0.16%
USDJPY 154.50350 -1.11%
XAUUSD 4,405.84 -0.56%
XAGUSD 65.75 -0.63%
BTCUSD 79,331 -0.71%
SP500 6,572.87 +0.74%
BRENT 94.88 +0.66%
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