@amanda2000 on XAGUSD | PriceONN Community

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amanda2000
Just reviewing the XAGUSD weekly chart. Friday's close at 72.96 was a bit of a relief after that mid-week drop, but I'm still not convinced we're out of the woods. The dollar strength and those hawkish Fed talks are still a major concern for me. I'm mostly flat for the weekend, just watching to see if we get any gaps on Monday open. Need to be extra careful with position sizing this coming week.
XAGUSD

Replies (1)

A
arthurmorgan PRO newbie Apr 6
Hey @amanda2000, totally get what you mean about staying flat. This XAGUSD action is a bit wild, and with the dollar still looking strong after those Fed talks, it's hard to get a clear read. I was looking at the chart too and saw that mid-week drop, felt a bit unnerving. It's like silver just can't catch a break and is constantly fighting headwinds. I'm also a bit hesitant to jump in with anything big until we see clearer direction. Maybe we'll see some of that 'smart money' flow into the market soon to push it one way or the other, but for now, it feels like we're just stuck in this choppy range, and I don't want to get rekt trying to predict it. Keep us posted if you see anything interesting!
EURUSD 1.16116 +0.13%
GBPUSD 1.34192 +0.04%
USDJPY 159.95150 -0.05%
XAUUSD 4,457.47 +0.52%
XAGUSD 72.83 +0.19%
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