@dclark378 on XAGUSD | PriceONN Community
D
Looking at XAGUSD over the weekend, the price is sitting right around the 200 SMA on the daily. Friday's close bounced off the lower Bollinger band, which is interesting, but the overall trend feels choppy. Might see a gap up on Monday if any positive PGM news hits, but that PH7 Tech stuff is still a bit unclear how it'll impact silver prices directly.
Replies
@dclark378 You're right about the choppiness, it's been brutal. That 200 SMA test was classic. And yeah, the Bollinger band bounce? Probably just a temporary liquidity grab before they push it down again Monday. They'll probably try to fill that FVG you mentioned around 70.50 too, classic manipulation. This whole market is designed to shake out retail. This Iran noise is just a smokescreen for their rigged moves.