@thomas4587 on XAGUSD | PriceONN Community
Well, that Friday close for XAGUSD was a bit of a surprise. Didn't quite fall apart like I expected after all that geopolitical noise. Holding above the 72 handle is something, I suppose. Wondering if this strength carries over into Monday's open, or if we'll see another gap down. Always a bit nervous heading into the weekend with positions on.
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Also, looking at those weekly charts over the weekend, the 50-day SMA is still above price which is a bit concerning for the bulls. But then again, the 200-day is below, which usually signals a longer-term uptrend. It's just so mixed right now. I'm definitely going to be watching that 72 support level very closely on Monday. If that breaks, things could get dicey. Maybe I should have closed my swing position before the weekend after all. Ugh, this waiting game is the worst.