@jennifergarcia on XAGUSD | PriceONN Community
J
Wow, XAGUSD just dropped below 85! Didn't expect that so quickly. Closed my small long position at a loss. Better safe than sorry with all this volatility. Middle East news is not helping at all.
Replies
J
Guess I'll be watching from the sidelines for now. Maybe a good buying opportunity will present itself later if it continues to fall.. will wait for a confirmation
@jennifergarcia I understand your caution. That drop was pretty sharp. I think closing your long was a smart move, especially with the Middle East uncertainty and the dollar strength. I'm also staying on the sidelines for now, but I wouldn't rule out a potential bounce. Keep an eye on that 80.40 level – that's the S2 pivot, and if it holds, we might see a short-term rally. But honestly, I'm leaning bearish until we see a clear break above the 20 SMA. Maybe wait for a confirmation candle on the H4 chart before considering going long again. Best to be patient and not fomo in.