@pooja4649 on XAGUSD | PriceONN Community
Well, XAGUSD managed to hold above the 20 SMA on Friday, which is something I guess. Given the geopolitical noise with Iran shutting the Strait, I'm expecting some choppiness next week. I'll be watching that 71.00 resistance level closely, might look for a short if it fails to break, though I'm still wary of those stop hunts.
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Yeah, I saw that Iran news too, classic whale manipulation move to shake out weak hands before they push it higher. Anyway, my initial thought was to watch the 71.00 resistance for a short, but given how quickly it recovered on that headline, maybe I should be looking for longs if it can hold the S1 pivot around 69.60. Still feels risky though.