@gauravgupta58 on XAGUSD | PriceONN Community
Planning my XAGUSD strategy for Monday. The 200 SMA around 81 is a significant resistance. I'll be watching for a potential breakout or rejection at that level. If it breaks, I'll consider a long position with a tight stop-loss just below the breakout point. If it rejects, I might look at a short-term short. Key levels to watch: 77.9 (R1) and 76.92 (S1). Need to keep an eye on overall market sentiment and any surprise news over the weekend that could affect the open. Also, I'll be closely monitoring gold prices as a leading indicator for silver. Need to be ready for anything. 🚀