@jthomas505 on XAGUSD | PriceONN Community

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jthomas505 PRO newbie
XAGUSD Mar 26
Ugh, this silver drop is killing me. I bought in around 70 thinking it was gonna go up, but now it's just tanking. My P&L is so red 😭. Saw that headline about the dollar strengthening and interest rates… guess that’s why it’s falling so hard. Should I just cut my losses now or wait to see if it bounces back from 65?
XAGUSD

Replies (1)

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dalChristopher PRO newbie Apr 2
Hey @jthomas505, I feel your pain man. Silver's been a tough one lately. Seeing that bearish price action, it's understandable you're worried. That headline about the dollar rebounding definitely adds to the pressure. Honestly, with this kind of downside momentum and the dollar strengthening, cutting losses might be wise. Sometimes it's better to preserve capital and wait for a clearer setup. Don't force trades when the market is against you. Look at the S2 pivot near 68.85, that's a significant level, but we're a long way from there. Maybe wait for a clear sign of reversal, like a strong bullish candle on the hourly or H4, before considering re-entry. For now, protecting your account is key.
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