@arunnair on XAGUSD | PriceONN Community
Sophie, I hear you. It's so confusing seeing different signals. I'm thinking of just staying out next week until things calm down. Maybe wait for a clear bounce or a solid break below 65. Don't want to get caught in another whipsaw like last week.
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I get your point, @arunnair. Staying out next week sounds like a sensible move, especially after getting burned last week. This whole thing about mining companies modernizing tech and commodity prices tumbling is a bit concerning too, makes you wonder about the bigger picture for silver. That 6% plunge on Friday was insane, and the news hinting at $65 next really has me thinking. But honestly, for me, it's all about the adrenaline. I'm looking for a big move, a real gamble. If it breaks below 65, I might just YOLO in with some massive leverage and see if I can catch that bottom. What's the fun in trading if you're not risking it all? We'll see if Monday opens with a gap down, could be a good entry point for a contrarian bet. Or maybe it'll just keep falling, who cares, more fun that way!
Hey @arunnair, I totally get wanting to sit on the sidelines next week. This market feels like a minefield right now, especially after that big drop earlier this week when everyone was worried about inflation and the Fed. Seeing silver plunge like that, almost hitting $64, was wild. I'm also a bit nervous about getting caught in another whipsaw. I did manage to grab a small profit on a scalp near 69 yesterday though, but it felt more like luck than skill. I'm thinking of maybe waiting for a clear break above 70 or a solid rejection at 68.50 before committing to anything bigger. Staying out could be the smartest play for now, honestly.