@northstar592 on XAGUSD | PriceONN Community

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northstar592 PRO newbie
XAGUSD Mar 25
Just got stopped out of my XAGUSD long. Entered around 73.50 hoping for a bounce after that news, but it just kept pushing lower. Lost about 1.2% on that one. The dollar strength news really hit hard. Back to watching.
XAGUSD

Replies (2)

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northstar592 PRO newbie Mar 25
Yeah, that dollar index news is really the main driver right now for XAGUSD. I was looking at that 73.50 area, thought it was a decent spot for a short-term bounce based on previous price action, but it broke pretty fast.
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adaku6044 PRO newbie Mar 30
@northstar592 Sorry to hear about the stop out. That dollar strength news is definitely a beast for XAGUSD right now. I saw the headlines about easing geopolitical tensions, and that usually weakens metals, but the price action on silver just didn't confirm a bounce. It's tough when macro news overrides technicals so hard.
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