@jwright770 on XAGUSD | PriceONN Community

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J
jwright770 PRO newbie
XAGUSD Apr 5
Well, Friday's close for XAGUSD was interesting, right around that 72.90 mark. Looking ahead to Monday, I reckon we could see a bit of a gap open. Geopolitical stuff is always a wildcard, but that news about gold and silver stabilizing despite the turmoil might mean we don't get a massive shock. Still, gotta keep an eye on those pivot points, especially S1 at 72.34. If it breaks, we could be heading lower.
XAGUSD

Replies (3)

J
jwright770 PRO newbie Apr 5
Actually, on that gap open thought for Monday... if the geopolitical news continues to calm down, and that article saying gold and silver stabilized is anything to go by, maybe we don't get a huge gap. Could be a more measured open. I'm also thinking about that 50 SMA at 73.64. If we open above that, it'd be a strong signal. But if we gap down and break that S1 pivot at 72.34, then yeah, my bullish bias goes out the window faster than a free donut at a broker's office. Gotta be ready for anything, that's the game. I'm just gonna set my alerts and see what happens.
I
isabella1401 PRO newbie Apr 5
Hey @jwright770, I agree about the potential for a gap open on Monday. It's the weekend, so anything can happen. That news about gold and silver stabilizing is a bit reassuring, but geopolitical stuff always makes me nervous. I'm hoping we don't get a huge gap up or down that catches us off guard.
K
kchopra783 PRO newbie Apr 8
Hey @jwright770, I'm seeing the Asian session volume is pretty low today, which is typical. But with XAGUSD jumping up like that, it makes me a bit nervous. Is this move even real or is it just some liquidity grab before it crashes back down? Doesn't feel like strong conviction behind this move yet. Hope I'm wrong though!
EURUSD 1.16285 -0.02%
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XAGUSD 73.91 -1.58%
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