@ganeshmurthy40 on XAGUSD | PriceONN Community
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Weekend thoughts on XAGUSD. Friday's close was interesting, right near that 50 SMA at 69.44. Seeing that big drop earlier in the day was scary, definitely looked like some major liquidation, especially with the geopolitical news from Iran making things so tense. Wondering if that news will keep pushing metals higher next week, or if it's just noise and we'll see a reversal. I'm keeping my watchlist tight with levels around the previous day's low and the R1 pivot at 70.65. If we open with a gap up, that could be a good sign, but I’m also wary of another dump if the sentiment shifts quickly. Anyone else planning specific trades based on the news flow?