@harryclarke on XAGUSD | PriceONN Community

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harryclarke PRO newbie
XAGUSD Apr 6
Seeing a bit of a doji forming on the H1 chart here for XAGUSD. That usually means indecision, right? I'm a bit worried we might see a reversal soon, but it's hard to tell with all the news flying around. Anyone else seeing this pattern and thinking of a short?
XAGUSD

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harryclarke PRO newbie Apr 6
Actually, thinking more about that doji on the H1 for XAGUSD, it could also mean a pause before the next move. The 200 SMA is just below current price around 71.34, so there's some support there if things go south. But then again, the recent news about inflation from Europe is pretty worrying and could push metals down. I'm still leaning towards caution, maybe even looking for a clear break of 72.80 before even considering a short. It's just so hard to read the market when it's this choppy. I might just wait for lunch to settle and see if the NY session gives us clearer direction.
EURUSD 1.16117 -0.16%
GBPUSD 1.34248 -0.28%
USDJPY 160.02450 +0.09%
XAUUSD 4,475.01 -0.28%
XAGUSD 73.89 -1.61%
BTCUSD 63,589 -5.92%
SP500 6,572.87 +0.74%
BRENT 98.06 -0.83%
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