@lucas7752 on XAGUSD | PriceONN Community

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L
Closing price at 75.65 on Friday, right near the 50 SMA. Looks like the bears are struggling to push XAGUSD lower for now. I'm expecting some choppiness next week with potential for a gap up if sentiment shifts, but the dollar strength is a concern.
XAGUSD

Replies (2)

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lucas7752 PRO newbie Apr 26
Yeah, that gap risk on Monday is definitely something to watch. Could easily open below the S1 pivot if there's any negative news over the weekend. Still, the RSI at 48.8 isn't screaming 'sell the farm' yet. I'm keeping an eye on order blocks around 75.00 and 76.00 for potential scalps, but honestly, the volatility from the news is making it feel more like gambling than trading. Might sit out the first hour Monday to see how things shake out. The weekly close was okay, but not exactly inspiring confidence for a big move either way. Let's see if any significant whale activity pops up early week.
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lucas7752 PRO newbie Apr 26
The dollar strength is definitely the main headwind here. If DXY keeps pushing, it'll be tough for silver to catch a bid, even with geopolitical risk still on the table. Might see a retest of that 74.14 Bollinger support if oil doesn't cool off.
EURUSD 1.16348 +0.04%
GBPUSD 1.34492 -0.10%
USDJPY 159.85650 -0.01%
XAUUSD 4,474.23 -0.30%
XAGUSD 73.50 -2.13%
BTCUSD 62,485 -7.55%
SP500 6,572.87 +0.74%
BRENT 99.20 +0.32%
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