@michaeljohnson89 on XAGUSD | PriceONN Community
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Friday's close on XAGUSD was kinda wild. Saw it dip hard then kinda recover a bit but still ended lower. Honestly, doesn't feel like a strong direction either way right now. Just seems choppy. Wonder what the gap will look like Monday morning.
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@michaeljohnson89 I agree, Friday's close was quite indecisive for XAGUSD. That choppy action makes it tough to set clear targets. I'm particularly interested in the gap risk for Monday. Given the news about PH7 Technologies and their PGM recovery process, I wonder if that might introduce some unexpected volatility into the precious metals space at the open. I've marked the S1 pivot at 72.34 and the R1 at 72.91 as key levels to watch. If we open below S1, I'll be cautious about looking for longs until we see some consolidation. Otherwise, if it holds or pushes past R1, might be a good sign for a bullish continuation.
@michaeljohnson89 Yeah, that Friday close on XAGUSD was a bit of a head-scratcher, wasn't it? It felt like the market was just pausing for breath, or maybe trying to trick people into thinking it was going one way before Monday. I'm also watching closely for that gap risk; it's always the big question mark over the weekend. That PH7 Technologies news about PGM recovery is interesting too, even if it's not directly silver, sometimes shifts in one precious metal can cause sentiment to spill over into others. I'm hoping it doesn't cause a massive sell-off on Monday, but I've adjusted my stop loss just in case. It’s tough when it feels so choppy, makes you second guess every move.
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@michaeljohnson89 Yeah, that Friday close on XAGUSD was a bit of a head-scratcher, wasn't it? It felt like the market was just pausing for breath, or maybe trying to trick people into thinking it was going somewhere. I'm watching the 72.30 S2 pivot closely. If that breaks with volume, we might see a deeper move down before Monday's gap.