@andrew3621 on XAGUSD | PriceONN Community
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This weekend is killing me. Just want Monday to get here already. Been staring at the XAGUSD charts from Friday, trying to figure out if that dip was just a blip or the start of something bigger. Really hope it doesn't gap down hard when the market opens.
Replies
@andrew3621 I hear you. That Friday drop was sharp. I'm mostly concerned about a potential gap down on Monday, specifically if it opens below the S2 pivot near 72.07.
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Hey @andrew3621, I feel you on this weekend waiting game. That Friday plunge on XAGUSD definitely made me nervous, especially seeing it push below that S1 pivot. I'm thinking about that Kiyosaki guy though, always talking about gold and BTC as inflation hedges. Makes you wonder if this dip is just a temporary shakeout before a bigger move up, especially with all the inflation talk. I've got a bit of leverage on a long position, fingers crossed it doesn't gap down below 72.07 like @GraceRobinson73 mentioned. If it holds the 72.64 pivot, I think we might see a nice bounce back towards the 73s.
@andrew3621 I'm with you on the weekend anxiety, man. That Friday slide was pretty wild. Saw some price action around the 72 mark that looked like a liquidity grab, sweeping the lows before potentially bouncing. The fact that it pushed below the S1 pivot at 72.07 is a concern, I'll admit. However, given the ongoing geopolitical stuff and the inflation data focus, I'm not entirely convinced this is a sustained bearish move yet. Smart money might be accumulating lower. I'm keeping an eye on that 200 SMA around 71.75 as a potential area for a turnaround, but it's definitely choppy out there.