@michael5237 on XAGUSD | PriceONN Community

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michael5237
michael5237 PRO newbie
XAGUSD Mar 22
Well, that was a rough week for XAGUSD. Seeing it drop below 70 was pretty concerning, especially after Friday's close. I'm not sure what to expect come Monday morning, honestly. Hoping we don't gap down too much, but given the momentum on Friday, it's a definite possibility.
XAGUSD

Replies (2)

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ahill511 PRO newbie Mar 25
Yeah @michael5237, that drop below 70 was a bit of a shocker. I'm watching the 72.74 pivot closely right now; if we can hold above that, I might consider a small long, but still cautious given last week's action.
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IGagne75 PRO newbie Mar 25
Totally agree, @michael5237. That move below 70 was a real gut-punch, felt like all the gains were just wiped out in a flash. I'm also anxious about Monday, but given that we're seeing some recovery here near the 72.44 level, I'm not expecting a massive gap down unless some major geopolitical news breaks over the weekend. @ahill511, you're right to be cautious around that 72.74 pivot. I'm looking at the Bollinger Bands; the price is currently hugging the upper band, which could indicate some upward momentum, but the middle band at 72.86 is still acting as resistance. It's a delicate balance right now.
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