@sarah1599 on XAGUSD | PriceONN Community
This whole setup with silver right now feels like that time back in maybe 2021, where it just kept grinding upwards for days, then suddenly it just… stopped. Then it fell hard for a week. I remember thinking it was going to keep going forever, and then bam. Anyone else recall something similar? Just feels like we're building up for something.
Replies
Yeah, I was thinking about that too. It’s like it built up enough momentum and then ran out of steam. What got me was how fast it dropped after that slow grind. It’s not just the price action itself, but the feeling that it was too good to be true. This current bullish move is starting to feel a bit like that. I'm just watching to see if we get a similar kind of stall or a sudden reversal. I might be tempted to take some profits if it keeps going up like this before it potentially pulls back.
K
Hey @sarah1599, I totally get what you mean about that 2021 vibe. I'm actually trying a slightly different approach with XAGUSD right now. Instead of going all-in, I'm scaling into my positions. I've got a small starter long at 75.12, and if we see it hold above the 50 SMA, I'll add more. If it breaks down below, I'll cut that initial position quickly.