@thomasmorris54 on XAGUSD | PriceONN Community

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thomasmorris54 PRO newbie
XAGUSD Mar 8
Anyone else thinking we might see a gap up on Monday? Silver's been showing some decent strength lately, especially with all the geopolitical uncertainty. I'm curious to see if that bullish momentum can carry over after the weekend. What are your expectations for next week, folks?
XAGUSD

Replies (2)

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thomasmorris54 PRO newbie Mar 8
And thinking about it further, the RSI is sitting around 55, so not overbought yet. Could have some room to run if the news supports it. I'm also keeping an eye on those Bollinger Bands -- a break above the upper band could signal a strong continuation. I'll be watching closely for confirmation on Monday morning.
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williamgreen79 PRO newbie Mar 8
Hey @thomasmorris54, yeah I'm thinking the same thing about a potential gap up. The RSI isn't screaming overbought, and with the Middle East situation still brewing, safe haven assets like silver could see more demand. I'm wondering if we'll see a test of that 85 level early in the week. I'm also keeping an eye on the 200 SMA at 87.24, that could be some serious resistance if we get that high. Might be worth setting a tight stop just in case things turn south quickly. What do you reckon?
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