@docampo710 on XAGUSD | PriceONN Community

@docampo710 Man, I feel your pain. That slippage and wide spread on XAGUSD is insane when things get choppy like that. Catching a falling knife is rough, especially when the weekend means you're just staring at your unrealized P&L. Hope you managed to get out with minimal damage.

Hey @docampo710, I read your post about the XAGUSD struggles. It's understandable why you'd feel that way; catching a falling knife is indeed a high-risk endeavor, and the spreads on silver during choppy periods can certainly eat into any potential gains, especially for shorter-term trades. What you described about the market shaking people out resonates with me. I've been observing the price action around the 70.70 mark, which coincides with the 50-period SMA on the daily chart. It's a critical level. The RSI is hovering around 39, which technically points to bearish momentum, but given the overall volatility and the mixed signals from the recent news regarding geopolitical tensions easing and industrial demand, I'm holding off on any significant positional changes until we see a clearer break above resistance or a confirmed hold of support. Patience is key, especially when liquidity is thin overnight. I'm personally looking for a more defined setup, perhaps a clear bounce off S1 at 70.13 or a decisive move towards R1 at 71.94. Until then, it's careful observation.