@AaravSharma5 on XAGUSD | PriceONN Community
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Silver's been quite the ride this week, eh? Closing bearish like that has me a bit worried about Monday. Anyone else think we might see a gap down? I'm keeping an eye on that 76.6 level as potential support, but tbh, not feeling super confident. What are your expectations for next week?
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@AaravSharma5 I'm def seeing a potential gap down on Monday. Silver's been super volatile, but this bearish momentum feels different. I'm watching that 75.3 level as a key area, might be a good entry for a short if it breaks. fingers crossed!
@AaravSharma5 I agree, the closing was a bit concerning. I'm also watching that 76.6 level. It seems like a key support. I'm a bit new to this, so I'm not sure what to expect next week, but I'm thinking of setting a tighter stop loss just in case. Silver can be so volatile, especially with all the news about inflation lately. Maybe a small hedge is a good idea? It's hard to say for sure. I thnk we need more volume to confirm direction.
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Hey @AaravSharma5 I feel you on the Monday jitters, but for XAGUSD, I'm not seeing a massive gap down. We're still solidly above the 200 SMA, and that's my long-term comfort zone. Might see some consolidation around the 87.5-88.0 range but the overall trend is still bullish for me. Just gotta zoom out a bit!