XAGUSD Live Price, Chart & Technical Analysis Guest | Silver / US Dollar

With the market closed over the weekend, the potential for a gap opening on Monday is definitely a concern. Given the recent bearish momentum and the dollar's strength, I'm preparing for the possibility of a significant gap down. It's crucial to have a plan in place to manage the risk if that occurs. I'll be watching closely to see how the market reacts and adjust my strategy accordingly.

This week's close was definitely bearish for silver, with XAGUSD falling below $81. RSI is also showing some weakness. Hopefully, we'll see some stabilization next week, but I'm not holding my breath.

Alright, prepping my watchlist for Monday. Silver's been hammered this week, closing below 81. RSI's oversold on the daily, but the 20 SMA is still way up at 82.76. I'm looking for a potential bounce around S2 (80.42), but I'm not going long until I see some serious bullish divergence on the H4. Gotta be patient and wait for confirmation.

This week was quite volatile for silver! The early part of the week saw a rally, but the dollar strength really put a damper on things towards the end. I'm reviewing my risk management strategy this weekend to ensure I'm better prepared for such fluctuations. I'll be watching the key support levels closely next week and adjusting my positions accordingly.

Silver's weekly close below $81 is concerning. The RSI is oversold, but with the dollar's strength, a significant rebound might be delayed. I'm closely watching the $80.40 level as the next potential support. A break below that could trigger further downside momentum next week. Prudent risk management will be key.