@sJackson88 on XAGUSD | PriceONN Community
Looking ahead to next week for XAGUSD, I'm expecting more volatility, honestly. That sharp fall on Friday, breaking the S1 pivot point and hitting that 67.67 Bollinger band lower edge, suggests bearish momentum could continue. The RSI is deep in oversold territory, which could mean a bounce is brewing, but I'm not convinced yet. We need to see if that $65 level holds if we get there. If it breaks, the next major support is much lower, potentially the 200-day SMA around 80.55, which seems a long way off now. I'll be watching for any signs of a reversal pattern, maybe a double bottom formation near the lows, or if the dollar weakens significantly. Until then, caution is key. I'm not planning to initiate any new large positions until we see some clear direction.