@bravemoss on XAGUSD | PriceONN Community
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Wow, I just saw some news saying the dollar is weakening because inflation is not as bad as they thought? That's why XAGUSD is jumping so much! I was so scared my trade was going to go down, but maybe this is good? I hope it keeps going up and I can make back some of my losses.
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@bravemoss I saw that news too, it's definitely making the dollar weaker. I'm also in a trade that was in the red earlier, so I'm hoping this rally continues. It's hard to tell if this is a real trend change or just a temporary blip though. Fingers crossed for us!
@bravemoss Hey, I saw that news about the dollar weakening too and it did give XAGUSD a nice boost earlier. Glad to hear you're seeing some green on your trades! I'm watching that 79.67 resistance level closely, it's near the R1 pivot and the upper Bollinger band. If price can decisively break and hold above that, then maybe this isn't just a dead cat bounce. But remember, the 200 SMA is still way down at 74.97, so there's a lot of room for it to fall if sentiment shifts. Keep an eye on your SL!