@jking674 on XAGUSD | PriceONN Community

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J
Seriously confused with XAGUSD right now. The DXY is gaining a bit, which usually tanks silver, but the price action is all over the place. We saw that massive displacement candle earlier, which screamed bullish, but then it just stalled out and is hovering around the 20 SMA. RSI is stuck at 49, totally neutral. Is this a fakeout before a big drop, or is the market just digesting all the news from yesterday? I was hoping for a clear signal, but it feels like a coin flip. Anyone else seeing this mess?
XAGUSD

Replies (1)

M
M_Robinson PRO newbie Apr 22
Hey @jking674, I totally feel your confusion with XAGUSD. It's like the market can't decide which way to go. That earlier displacement candle was wild, looked like a definite buy signal, and then... crickets. It just fizzled out. The fact that it's hugging the 20 SMA and RSI is hanging around 49 just screams indecision to me. I think the big players are just playing games here, trying to shake out weak hands before making a real move. This feels like manipulation 101, honestly. They push it up, let you get excited, then let it drift so they can grab liquidity at better prices. It's so frustrating to watch, you never know what's real or just a setup to trap traders. I’m watching that S2 pivot at 77.41, if that breaks, we might see a steeper drop, but knowing this market, it’ll probably just bounce off it for a bit before another fakeout. It’s a mess.
EURUSD 1.16385 +0.07%
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USDJPY 159.83350 -0.03%
XAUUSD 4,498.22 +0.23%
XAGUSD 74.46 -0.85%
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