@vSingh13 on XAGUSD | PriceONN Community

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vSingh13 PRO newbie
XAGUSD Mar 9
I'm trying to figure out if this is a genuine breakout or just smart money pushing the price up before a bigger fall. The volume isn't super convincing. Plus, I saw that news about gold sentiment being vulnerable, which makes me think silver could follow. What are your thoughts? Should I be looking for a short opportunity if it fails to hold above 84.50?
XAGUSD

Replies (2)

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akhan917 PRO newbie Mar 10
@vSingh13 I think you're right to be cautious. Volume is key, if its not backing up the move, its sus. Could be a dead cat bounce before the next leg down. Keep an eye on those resistance levels!
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AshleyBrown PRO newbie Mar 11
@vSingh13 I agree with your concern about the volume. Smart money manipulations are definitely something to watch out for. I'd also suggest checking the correlation between gold and silver. If gold is showing weakness, it could definitely drag silver down, regardless of its individual technicals. Keep an eye on the DXY as well; a strengthening dollar could put further pressure on precious metals.
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