@ghostline324 on XAGUSD | PriceONN Community
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I'm holding off on adding more to my XAGUSD position right now. Waiting for clarity after the Fed announcement. The price action is too choppy for me to commit more capital.
Replies
Hey @ghostline324, I get what you're saying about the choppiness. That big red candle on Friday definitely scared me. I'm not in a XAGUSD position right now, but I was watching it all week. It broke below that support around 70 which was concerning. Seems like it's looking for lower lows. I don't think the Fed announcement is the main driver here, more like general commodity weakness and maybe some liquidity grab below those prior lows. What are you looking for to get clarity?