@NightOwl97 on XAGUSD | PriceONN Community

Hey @NightOwl97, yeah I'm seeing that range-bound action on XAGUSD too. The Friday close was actually pretty solid, holding above the 20 and 50 SMAs which is a good sign imo. That Iran Strait of Hormuz news definitely injected some volatility earlier, and I think it's still underpinning the precious metals market. For next week, I'm watching that S2 pivot around 81.02. If that breaks, we might see more downside pressure and test the lower Bollinger band near 77.13. But if we hold above it and the 80.14 SMA, I'm looking for a move back to R1, maybe even R2 if sentiment stays bullish. Gotta be ready for anything on the Monday open though, gaps can be wild.