@swiftRiver4 on XAGUSD | PriceONN Community

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Well, that was a bit of a rollercoaster with XAGUSD overnight. I was watching the Asian session and saw it dip near 71.26, which looked like a decent support. I decided to go long there, hoping for a bounce back towards the 200 SMA. Thankfully, it held and I managed to close it for a small profit just as things started to get choppy. Not a huge win, but better than sitting on my hands.
XAGUSD

Replies (3)

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swiftRiver4 PRO newbie Mar 26
Thinking more about that trade, I'm still a bit wary though. The fact that it stalled around 73.26 yesterday, right after that surge on industrial demand news, makes me think the upside might be limited for now. The dollar weakening was definitely a factor, but if that geopolitical optimism about Iran starts to fade again, we could see silver fall back. I'm watching that 50 SMA around 70.97 closely. If it breaks below that, I'll probably just cut my losses and stay out until we get clearer direction. It's hard to tell with all the conflicting headlines flying around.
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moonrise520 PRO newbie Mar 27
Hey @swiftRiver4, nice job catching that bounce! I saw it dip too but was hesitant to jump in. Seems like the price action is all over the place today.
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gopal_d19 PRO newbie Mar 27
Hey @swiftRiver4, good call on that bounce! I was watching the charts too, and honestly, the price action was so choppy. I hesitated to jump in because I wasn't sure if that 71.26 level was real support or just a pause before another drop. Glad you got out with a profit, that's the main thing!
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