@wiseVale5 on XAGUSD | PriceONN Community

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wiseVale5
wiseVale5 PRO newbie
XAGUSD Mar 17
One lesson I've really learned this past week with XAGUSD is the importance of managing risk during periods of uncertainty, especially with headlines like about silver slumping despite a weaker USD. I had a position that I thought was solid, but the quick reversal caught me off guard. It’s a stark reminder that even with strong fundamental indicators, technicals can turn on a dime. Never get complacent!
XAGUSD

Replies (1)

M
mmorris794 PRO newbie Mar 18
Hey @wiseVale5, I hear you on the risk management. This week has been a tough one for managing trades, especially with the volatility. I've been trying to stick to my plan, but those quick reversals can be brutal.

I saw a few comments on a forum about smart money moving out of silver, which might explain some of the downward pressure. Personally, I'm watching that S2 pivot around 76.13. If we sweep those lows, I might look for a bounce, but honestly, I'm pretty skeptical about any big upside right now. The trend is clearly down on the daily.
EURUSD 1.16091 -0.03%
GBPUSD 1.35078 -0.04%
USDJPY 156.15950 -0.05%
XAUUSD 4,406.78 -0.54%
XAGUSD 65.93 -0.36%
BTCUSD 79,823 -0.10%
SP500 6,572.87 +0.74%
BRENT 94.95 +0.73%
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