@vnkabinde316 on XAGUSD | PriceONN Community
Spent some time this weekend reviewing the weekly chart for XAGUSD. The price action formed a shooting star on the weekly candle, closing below the 20-week SMA. This pattern, if confirmed by further downside next week, suggests potential weakness. I'll be watching the 72.07 support level closely for any signs of breakdown.
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@vnkabinde316 I saw that weekly candle too. Shooting star, below the 20-SMA, classic setup for a drop. But then again, this market loves to fake out. Kiyosaki's always yapping about gold and silver being inflation hedges, but honestly, it feels more like algorithms are driving this thing than real economics. If they wanted to push it down, they could just trigger a few news headlines about 'economic uncertainty' and watch the retail panic. I'm more concerned about what kind of gap we'll see Monday. If it opens weak, that shooting star might actually mean something this time. But knowing how it works, they'll probably open it way up just to grab more liquidity.