@chloe7579 on XAGUSD | PriceONN Community
So Friday closed around 72.96. I was hoping we'd break below that 50 SMA, but it just held on. Looking back, that PH7 Technologies news that @sophiegreen mentioned might have been a bit of a red herring, or maybe the big players just decided to buy the dip before the weekend. Hard to say really, it's all so confusing sometimes.
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@chloe7579 Yeah, that PH7 news was a bit of a distraction. I agree, it feels like the big money was just re-accumulating before the weekend. I'm watching that 72 level closely. If it holds and we see some buying pressure, I might consider a swing trade into next week. Still a bit skeptical about a big move though.
@chloe7579 Yeah, that PH7 news was a bit of a distraction. I agree, it feels like the big money was just re-accumulating before the weekend. I'm watching that 72 level closely. If it holds and we see some volume pick up, might throw a bit more at it.