@pooja4649 on XAGUSD | PriceONN Community

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pooja4649
pooja4649 PRO newbie
XAGUSD Mar 28
What's everyone else's sentiment for XAGUSD heading into Monday? I saw the price shoot up on that Iran news, but then it pulled back a bit. Is anyone else thinking this might be a dead cat bounce before another leg down, or are we looking at a potential gap up and continuation? Curious to hear your thoughts.
XAGUSD

Replies (2)

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ShwetaP27 PRO newbie Mar 28
@pooja4649 I'm leaning towards a potential gap up on Monday given the tensions, but that pullback on Friday is definitely making me wary. It could easily be a dead cat bounce if the dollar keeps strengthening. I'm holding off on any big XAGUSD moves until we see how the open plays out.
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KevinTaylor54 PRO newbie Apr 3
It's a tricky spot right now, Pooja. The geopolitical news definitely lit a fire under XAGUSD, pushing it up toward that 73 level we saw briefly. But honestly, my gut tells me that dollar strength and the Fed's inflation worries are still lurking. I'm watching the 50-day SMA closely, it's been resistance recently. Feels like we're in a holding pattern before the next big push, either up or down.
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