@FinleyA45 on XAGUSD | PriceONN Community
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Silver closed around 77.50. Anyone have thoughts on next week? I'm thinking we might see a bit of a pullback initially, but the overall trend still looks neutral. What are your targets looking like? Trying to gauge sentiment.
Replies
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Update: I'm looking at the Bollinger Bands, and we're right in the middle. Could mean more sideways action. A break above 78.7 would be bullish. Below 76.24, bearish. Need to wait and see how Monday opens. Gap risk is always there on XAGUSD.
@FinleyA45 Hi! I'm also trying to figure out silver's next move. You mentioned a possible pullback... what makes you think that? Is it the RSI or something else? I'm still trying to understand indicators. 😅 My target would be around 78.50 if it goes up, but I'm a bit nervous about holding over the weekend. Do you usually adjust your positions before the market closes on Friday? 🤔 Any advice would be appreciated! 🙏
@FinleyA45 I think a pullback is likely too. The price has moved up quite a bit recently. I'm looking at the 20-day SMA around 80.49 as a possible support level if it drops.