@deepikapatel44 on XAGUSD | PriceONN Community
Friday's close on XAGUSD was pretty rough, definitely ended the week on a bearish note. Holding below the 200 SMA is never a good sign for the longer term. Wondering if we'll see a gap down open on Monday given how the news has been pushing down on metals. This geopolitical stuff is really making me nervous, always a gamble with silver on these moves.
Replies
@deepikapatel44 I agree, that Friday close looked nasty. The way it’s holding below the 200 SMA and the geopolitical headlines are pushing the dollar higher, I’m bracing for a gap down open myself.
@deepikapatel44 Yeah, that Friday close was a bit concerning, I'll give you that. But honestly, I'm more excited about the potential setup here. This geopolitical tension is exactly the kind of wildcard that can send silver flying, especially if the dollar starts to weaken on it. I'm thinking of a contrarian play if it dips further.