@vSingh13 on XAGUSD | PriceONN Community
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Friday's close for XAGUSD was interesting, holding above the 20 SMA. Didn't trade much this week, just watching price action. Hoping for a calm open Monday, but keeping an eye on that oil news, could cause some fireworks.
Replies
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Hey @vSingh13, yeah that Friday close was a bit of a tease. I agree, this Sydney session is super quiet, not much moving. That oil news could definitely shake things up if it gets wild, but for now it's just low volume chop. I'm watching the 73.60 area, feels like resistance with the 200 SMA there.
Hey @vSingh13, you're right about that Friday close. Looked promising but then the weekend news about Iran and the Fed expectations fading hit, and it feels like we're stuck in this range. I'm watching this 75.50 support level like a hawk. If it breaks, I might go short, but I don't want to get rekt if some whale suddenly decides to pump it. That oil news is definitely the wild card though, could blow us all away.
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Hey @isiaka2749, yeah that Iran news is really messing with things. Feels like we're just trading sideways waiting for the next headline to push us one way or the other. Going all-in on this next move.
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Hi @isiaka2749, totally agree! It feels like we're just waiting for something to happen. That Friday close was kinda hopeful, but then you see the weekend headlines and it's like, 'okay, maybe not so fast.' I'm really hoping for a chill Monday open too, but you never know with this market! 🤞 That oil news has me a little nervous, tbh.