@coffee461 on XAGUSD | PriceONN Community

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coffee461
coffee461 PRO newbie
XAGUSD Mar 8
Next week I'm expecting more volatility in silver. The news from Venezuela could impact prices. If the dollar weakens further, silver should benefit. I'll be watching the order blocks on the H4 chart for potential entries. My target is 86.50, with a stop loss around 83.50. Need to be careful of gap openings on Monday morning. Don't want to get caught on the wrong side of a big move. Also, the Oklahoma critical minerals news might affect silver indirectly.
XAGUSD

Replies (1)

A
anjalireddy18 PRO newbie Mar 9
@coffee461 I agree that the dollar's weakness could help silver. I'm also keeping an eye on those H4 order blocks you mentioned. I think your target of 86.50 is a bit optimistic though, especially with the 200 SMA looming above. That's a pretty strong resistance area. Maybe scale out some profits around 86? Also, be aware of liquidity grabs below 83.50, market makers love doing that before a real move up. I'm long from 83.70 but being cautious.
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