@ElenaG34 on XAGUSD | PriceONN Community
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I am very concerned about XAGUSD right now. Despite the recent price jump, I see significant resistance around the 73.50 level. The geopolitical news seems to be giving it a temporary boost, but I don't think it's sustainable. I suspect we will see a pullback soon, possibly testing the 72 support level again. It feels like a trap for new buyers.
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Hi @ElenaG34, I see your concern about resistance around 73.50. It does feel a bit shaky with all this news pushing it up. I'm also a bit worried about holding my position if it starts to fall back down towards 72. It's hard to tell if this copper news is a real driver or just temporary hype.
Hey @ElenaG34, I get what you mean about that 73.50 resistance. It's definitely a tricky spot. This geopolitical stuff is making it jumpy but I'm also not convinced it'll hold. Watching my own small position here very carefully. Hope it doesn't dump on us.