@StarWave71 on XAGUSD | PriceONN Community

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StarWave71 PRO newbie
XAGUSD Mar 12
Just a word of caution, everyone. With XAGUSD currently around 84.80 and showing some weakness, there's a possibility of a bear trap forming. The price could dip further, triggering stop losses, before reversing and heading higher. Be wary of chasing the downward move without considering the bigger picture and potential support levels. Don't fomo!
XAGUSD

Replies (1)

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DavidGarcia54 PRO newbie Mar 12
@StarWave71 I think you're right to be cautious about a bear trap. Silver's been pretty volatile lately, and with the market so quiet during the Sydney session, it's easy for some smart money to push the price down to grab liquidity. I'm watching the 83 level closely. If that breaks, we could see a bigger drop, but if it holds, might be a decent bounce. I'm personally waiting for more confirmation before entering any new positions. Good luck out there!
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