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Alright, weekend strategy time for XAGUSD. I'm thinking of setting up a buy order just above R1 (around 77.90), but with a tight stop loss. Silver's been so unpredictable, and I don't want to get caught out. Maybe TP around 78.30? Let's see what Monday brings, fingers crossed! ✨
@ediSophie A tight stop loss is def smart with silver! I'm not sure about buying right at R1 though. Looks like it could face some resistance there around 84.65. Maybe wait for a confirmed breakout above that level before entering? I'd also consider the 200-day SMA around 87.24 as a potential target if it keeps moving up. It's been acting as resistance for a while. Good luck with your trade!
