@lhill982 - XAGUSD | PriceONN Topluluk
L
This past week on XAGUSD was quite choppy, as expected with the mixed signals from geopolitical tensions and Fed commentary. I was holding a small short position opened near 73.50, expecting a pullback to test the 50 SMA at 72.87. It got close, but never quite broke. I ended up closing it for a minor loss on Thursday, just to avoid the weekend risk. The Iran news is definitely a wildcard, but technically, the price seems to be consolidating. I'm studying the price action around the S1 pivot at 72.97 from Friday's close. If that level fails to hold on Monday, we could see a quick move down towards S2. I'll be watching for any divergence on the H4 chart as well, especially if RSI dips below 40.