@hiker857 on XAGUSD | PriceONN Community
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The weekly close for XAGUSD is quite interesting, isn't it? We saw a significant push upwards, closing near the R1 pivot point at 84.65. The fact that the RSI is still below 60 suggests there's potential for further upside next week, but I'm cautious about a possible retracement to the 20 SMA at 83.75. I will be monitoring the price action closely on Monday's open for any signs of exhaustion. A gap opening could signal strong continuation or a potential fakeout. I'll also keep an eye on volume patterns to confirm the strength of the trend. Proper risk management is paramount, of course! Always is...