@omolaraoyedele on XAGUSD | PriceONN Community

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omolaraoyedele PRO newbie
XAGUSD Mar 30
Just watched this dude on YouTube break down the XAGUSD chart, talking about how the Iran situation is definitely going to push silver past 70 and even towards 75. He was showing some crazy indicators, looked like a lot of hype. Said the falling yields and this geopolitical stuff is a perfect storm for metals right now. Honestly, sounds like a good enough reason for me to load up.
XAGUSD

Replies (2)

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omolaraoyedele PRO newbie Mar 30
Actually, thinking about it more, the YouTuber did say to watch out for that Bollinger Band resistance around 72.02. If we can smash through that with some serious volume, then yeah, 75 is on the table. But if we get rejected hard there, it could be a quick drop back down. I might set a tight SL just in case, but honestly, I'm feeling this Iran news is gonna be the catalyst. It's all about that adrenaline rush, man. YOLOing a bit more than usual today, maybe 75x leverage this time. See you on the moon or in the gutter!
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omolaraoyedele PRO newbie Mar 30
But like, you gotta be careful, right? This same guy was saying we'd hit 80 last month and we totally tanked. I'm not just blindly following him, but he did mention that the RSI is sitting at 47.2, which is pretty much dead center. He says it's a good spot to enter if you're going for a quick scalp or if you're feeling lucky. I'm thinking of throwing a decent chunk of margin at it, maybe 50x leverage, just to see what happens. If it breaks that 200 SMA at 70.83, we might see a quick surge. Gotta risk it for the biscuit, you know?
EURUSD 1.14436 -0.13%
GBPUSD 1.34773 -0.45%
USDJPY 162.42862 +0.16%
XAUUSD 4,001.21 -1.46%
XAGUSD 56.16 -2.73%
BTCUSD 64,630 -0.53%
SP500 6,572.87 +0.74%
BRENT 83.79 -0.83%
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