@sunitabose16 on XAGUSD | PriceONN Community
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Looking ahead to next week for XAGUSD. The weekly close was a bit mixed, but holding above that 69 pivot point is key. I'm keeping an eye on the 200 SMA around 71.90 as a potential target if we can break above 70.50 convincingly. The Iran tensions mentioned in the news might keep USD soft, which is usually good for silver, but the dollar did strengthen Friday which is odd. RSI is sitting at 53, so plenty of room to run up or down. I'm not expecting a massive gap one way or another, but will be cautious of any inducement setups early Monday. My main focus will be on that 70.08 pivot. If it breaks and holds, I might look for a long position towards R1, but will need to see solid volume.