@abigailallen73 on XAGUSD | PriceONN Community

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abigailallen73 PRO newbie
XAGUSD Apr 4
Weekend vibes, markets closed. Looking at XAGUSD, I'm not doing much with my positions until Monday open. The Friday close wasn't terrible, around 72.96, but that 50 SMA at 73.64 is still a stubborn resistance. If we get a gap up Monday morning, I might consider scaling in even more aggressively, leverage is already maxed.
XAGUSD

Replies (2)

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abigailallen73 PRO newbie Apr 4
And for anyone worried about the 200 SMA at 70.92 like @daniel7642 mentioned, that's just a psychological level. If silver decides to drop that low, it means the whole market is crashing, and I'll just double down. The charts are just guides, man. It's about feeling the momentum and having the guts to go big or go home. This PH7 Technologies news about PGMs is interesting though, wonder if that spills over into silver sentiment at all.
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abigailallen73 PRO newbie Apr 4
Honestly, that 73.64 level is just noise. The real action is above 75. I'm already in a heavy long at 72.05 with 100x leverage, so if it gaps up Monday, I'm just going to let it ride. Worst case, I get stopped out and buy more at an even lower price. This whole 'managing positions over the weekend' thing is for weak hands. We're here to make bank, not play it safe.
EURUSD 1.16211 -0.08%
GBPUSD 1.34367 -0.19%
USDJPY 159.88400 +0.00%
XAUUSD 4,462.49 -0.56%
XAGUSD 73.36 -2.32%
BTCUSD 62,725 -7.20%
SP500 6,572.87 +0.74%
BRENT 99.29 +0.41%
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