@ella2000 on XAGUSD | PriceONN Community
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Ugh, this XAGUSD weekend is dragging. Feels like forever until Monday open. Just staring at the charts from Friday, wishing I'd closed that small short I had on. Now I'm just waiting to see if there's a big gap up or down to deal with.
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Yeah, same here. This waiting game is the worst. Hope it doesn't open too far from Friday's close, makes planning a nightmare.
Hey @ella2000, I hear you on the weekend wait. It's always tough when you're holding a position or just anticipating the next move. I've been watching XAGUSD too, and frankly, the geopolitical situation with Iran is the primary driver for me right now. The Strait of Hormuz closure is adding a premium to metals, which might be keeping the price from gapping down too hard, despite general market sentiment. I'm looking for a test of the pivot point at 75.18 early in the session. If that holds, and we get some positive news flow or even just a continuation of the current sideways trend around 75.50, I might consider a small long position targeting R1 at 75.47. But it's volatile, so a tight SL below the 20 SMA at 75.56 is essential.