@daniel110 on XAGUSD | PriceONN Community

@daniel110 I agree that Friday's close wasn't decisive at all. I'm leaning towards a retest of lower levels too, but the Bollinger Bands are pretty tight, which suggests we might see some volatility. I'm a bit nervous about a potential gap down on Monday if risk aversion picks up. What are your thoughts on the 50 SMA as a potential resistance level if it does rally? I'm thinking of adjusting my strategy based on how it reacts to that level early in the week. It's all quite uncertain tbh.

I agree with @daniel110 that the close was indecisive. The fact that it couldn't convincingly break the 20 SMA on Friday makes me think a retest of lower support is likely. I'm going to be watching closely on Monday for confirmation before making any moves. Risk management is definitely key!

Hey @daniel110, I agree that Friday's close was indecisive. 🤔 That rally looked weak to me too. I'm also leaning towards a retest of lower support. The 20 SMA didn't hold, and the overall sentiment seems bearish. I'm thinking of watching for a potential short entry if we break below 82.50. What are your thoughts on using the Bollinger Bands as confirmation? The lower band seems like a reasonable target. Always good to get another perspective!