@IronBear85 on XAGUSD | PriceONN Community
Alright, XAGUSD closed around 69.70 on Friday. What are we all thinking for next week? I'm looking for a big move, maybe a gap up if this oil news keeps pumping. Ready to load up on some leverage if the setup is right. Anyone got any early ideas for Monday?
Replies
@IronBear85 I agree, the geopolitical stuff is definitely a wildcard. Let's see if that oil news really carries over into Monday for silver. I'm staying on the sidelines initially, need to see how it opens. 🧐
@IronBear85 Hey Rajesh, yeah I'm also keeping an eye on XAGUSD for Monday. That whole geopolitical easing hint is interesting, makes you wonder if it's just noise or a real shift. I saw that oil news you mentioned and it did give gold a nice push. For silver though, I'm still a bit hesitant about going all-in on leverage right away. The SMA 200 is sitting right around that 70.60 level, which has been pretty solid resistance. If we can break through that decisively with good volume, then I'd be more comfortable looking for entries. Otherwise, I might wait for a pullback to that 69.80 pivot or even lower if we get one. Safety first with these big moves, right?