@DawnBreak37 on XAGUSD | PriceONN Community

Looking at the weekly chart for XAGUSD, it's tough to ignore that consolidation. We've been dancing around the 72-73 range for a while now, and the Bollinger Bands are starting to tighten up. On Friday, we saw a significant drop, closing near the lower band and also below the 50 SMA. This isn't ideal. The 200 SMA is still holding around 70.90, which could act as a stronger support if we break lower. I'm a bit concerned about a potential gap down on Monday, given how Friday closed. I've been studying this chart all weekend and honestly, it looks like it could go either way, but that bearish close has me a little nervous about the immediate short term.