@elee867 on XAGUSD | PriceONN Community
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Weekly close around 73, not too bad considering the volatility. We didn't break the 50 SMA on Friday which is interesting. Just waiting for Monday now.
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@elee867 Yeah, that 50 SMA is definitely a key level. Glad it held for now, but this choppy price action is making me twitchy. Let's see if we can get a cleaner move tomorrow.
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@elee867 I agree, holding that 50 SMA at 72.38 is pretty key for the bulls. If we can't reclaim that level soon, especially with RSI sitting in oversold territory, I fear we might see a deeper correction. The current drop is concerning, and a break below the S2 pivot at 70.48 would be a bad sign.