@david96 on XAGUSD | PriceONN Community

Friday's close on XAGUSD was a bit of a mixed bag. It dipped below the 20 SMA and flirted with that 72 support, which I was watching closely. The dollar strength definitely put a damper on things, as we saw. But the fact that it bounced back towards the 73 handle before the weekend is somewhat encouraging. I'm not fully convinced we're out of the woods yet though. If we open with a gap down on Monday due to any geopolitical fallout or unexpected economic data, that 200 SMA at 70.92 could be tested again. I've got my stop loss set just below 72, but I'm mentally preparing for a potential retest of the 70s. This sideways action is just frustrating. I'm hoping for a clear direction next week, either a strong push higher past R1 or a clear breakdown to re-evaluate.