@AmeliaPilot on XAGUSD | PriceONN Community
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The weekly close for XAGUSD was certainly interesting, wasn't it? We saw a substantial rally, pushing prices above previous resistance levels. While the bullish momentum is encouraging, I am mindful of the overbought RSI and the potential for a correction. I'll be monitoring the key support levels closely next week, particularly around 92.80, in case of a pullback. Also, the news regarding the US and Israel is concerning, and I expect some volatility when the markets reopen. It may be wise to consider smaller position sizes initially to mitigate risk. Overall, I'm cautiously optimistic, but prepared for either direction.