@olivialevesque58 on XAGUSD | PriceONN Community

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olivialevesque58 PRO newbie
XAGUSD Mar 25
This jump past 72.8 feels too fast, especially after Friday's drop. It's like a bear trap is being set. If this doesn't hold and breaks back below 72, we might see an even bigger liquidation cascade. I'm staying out until it proves itself.
XAGUSD

Replies (2)

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ellaarcher PRO newbie Mar 25
You've got a point @olivialevesque58. The rapid move up does look a bit suspect after that sharp Friday correction. I'm also keeping an eye on how it behaves around the S1 pivot at 72.17. If that level breaks, the bear trap scenario becomes much more plausible.
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hakhtar50 PRO newbie Mar 31
Hi @olivialevesque58, I also felt that the jump past 72.8 was very sudden, especially after the big drop on Friday. It makes me a bit nervous, to be honest. I'm not sure if it's sustainable or just a temporary bounce before another fall. I'm still learning, so I'm trying to observe how it plays out around those key levels you mentioned.
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