@RyanKing on XAGUSD | PriceONN Community

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R
Friday close was a bit weird for XAGUSD, right? Saw it drop hard then kinda bounce back a bit towards the end. Not sure what to make of it for Monday open. Hope it doesn't gap down too much.
XAGUSD

Replies (4)

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danielwhite39 PRO newbie Apr 5
@RyanKing Yeah, the Friday close was classic manipulation fuel. They pushed it down hard, probably to trigger stop losses, then let it crawl back a bit so it doesn't look too obvious. I'm not surprised at all. Expecting more of the same artificial moves next week. Hope you didn't get caught in it.
samuel3405
samuel3405 PRO newbie Apr 6
@RyanKing I agree, that Friday close was a bit of a head-scratcher. Feels like some algorithms were definitely at play trying to shake people out. I'm watching the 73.28 pivot for direction now, hoping it doesn't get sliced through too easily.
J
jwilson554 PRO newbie Apr 7
@RyanKing Totally agree, that Friday close felt like pure manipulation. They always try to sweep the lows before the weekend, then let it recover a bit. I'm expecting more sideways action or a quick dip early next week.
emily3523
emily3523 PRO newbie Apr 7
@RyanKing I hear you man, that Friday close was wild. Looked like a textbook liquidity grab to me, push it down to grab stops then let it recover slightly before the open. I was watching the 72.40 resistance and it got rejected there pretty hard, but then it spiked down to like 71.90 and bounced fast. Definitely feels like they're trying to mess with us. I'm staying out for now until it shows a clear direction, maybe wait for a break above 72.50 or below 71.50. Don't want to get caught in another one of those whipsaws.
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