@chloe2002 on XAGUSD | PriceONN Community

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chloe2002 PRO newbie
XAGUSD Apr 5
This whole Iran situation is kinda messed up, but I'm actually looking forward to seeing how XAGUSD reacts Monday morning. Will there be a big gap up or down after Friday's close? I'm leaning towards it maybe opening a bit higher, but who knows with these markets.
XAGUSD

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chloe2002 PRO newbie Apr 5
Wait, I was thinking about that gap risk for XAGUSD and it just hit me. Friday's close was pretty wild, ended down on the day despite all the geopolitical drama. That kinda suggests the buyers got exhausted or big players are taking profits. So maybe, just maybe, a gap down Monday is more likely if the sentiment carries over. I'm gonna keep a close eye on the 71 area if it opens lower, could be a decent entry point for a short-term scalp if it shows weakness there. Still on the fence though, this market is so unpredictable lately.
EURUSD 1.16150 -0.09%
GBPUSD 1.35148 -0.06%
USDJPY 156.08150 +0.19%
XAUUSD 4,409.98 -1.41%
XAGUSD 66.20 -1.12%
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SP500 6,572.87 +0.74%
BRENT 94.68 +0.48%
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