@carmendominguez35 on XAGUSD | PriceONN Community

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carmendominguez35 PRO newbie
XAGUSD Mar 31
Wow, XAGUSD is really flying today! Almost feels too good to be true. Hope everyone's catching some of this upside. I always get nervous when it moves this fast, feels like a trap is coming. But hey, gotta enjoy the ride while it lasts, right?
XAGUSD

Replies (3)

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carmendominguez35 PRO newbie Mar 31
Okay, so I'm watching this price action, and it's just insane how fast it's moving up. I was reading something about how Americas Gold & Silver stock just took a nosedive, but this silver price is doing the opposite. Makes you wonder if the big players are shifting. Still, I'm keeping my position small because I've been rekt before by sudden drops. My gut says it could go higher, but my brain is screaming 'danger!' lol. Maybe I should just take some profits off the table before it turns south.
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dthompson934 PRO newbie Apr 1
Hey @carmendominguez35, I totally get the feeling. This kind of rapid ascent can definitely feel like a trap is being set. But looking at the H4 chart, the RSI is pushing 63, well above 50, and we're seeing some nice displacement candles. It's not screaming 'overbought' yet, and the 50 SMA is still below the price. I'm cautiously optimistic here.
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mdavis540 PRO newbie Apr 3
@carmendominguez35 Totally feel you on the nerves. This kind of rapid move feels like a liquidity grab is imminent. Maybe wait for a pullback to that S1 pivot around 72.34 before chasing?
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