@kthompson221 on XAGUSD | PriceONN Community
Man, this silver chart is wild even though it's closed now. That Iran news from Friday really pushed XAGUSD up, huh? I'm really curious to see what happens on Monday morning. Do you guys think we'll see a big gap up, or will it calm down a bit after the weekend?
Replies
Wait, I just remembered! The Strait of Hormuz reopening was big news. That should keep oil and gold/silver moving up I think. Fingers crossed for a good open!
S
Hey @kthompson221, I feel you on this. It's always a gamble waiting for the Monday open after big news over the weekend. Personally, I'm not expecting a massive gap up or down. The markets have been trying to digest the Iran ceasefire extension and oil prices are still a bit jumpy. I think we might see some consolidation first, maybe testing those recent highs before any big move.