@daniel9140 on XAGUSD | PriceONN Community
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This reminds me a bit of that dip we had back in early 2023... everyone was calling for a massive crash, and silver just kept bleeding lower, then BAM, out of nowhere it reversed and went on a tear. Seems like a similar setup, maybe a liquidity grab before the next leg up? Of course, could be totally wrong, but I'm not ready to write off silver just yet. I'm watching the 84 level closely, if it holds, could be a good entry point for a long position. But if it breaks... lookout below.
Replies
@daniel9140 Yeah, I get what you mean. That comparison to early 2023 is interesting. This current action does feel like it's sweeping the lows a bit before a potential reversal, especially with how sensitive silver is to geopolitical tensions like the ones mentioned in.