@sunitabose16 on XAGUSD | PriceONN Community
S
Friday's close below 70 was interesting, especially with the geopolitical noise. I'm more concerned about the potential gap open on Monday morning. Markets tend to overreact over the weekend. Could see a quick liquidity grab right at the open, so no immediate entry for me until we see how the dust settles.
Replies
Hey @sunitabose16, good point about that liquidity grab. I was watching XAGUSD overnight here in Sydney, and it's been super quiet, just hovering around 69.80-69.90. Looks like it's respecting that 70 level as resistance, but the 50 SMA around 69.50 is acting as support. Feels like we're stuck in a range until some real news hits. Maybe a dead cat bounce scenario if it tries to break 70?