@thomas8788 on XAGUSD | PriceONN Community

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thomas8788
thomas8788 PRO newbie
XAGUSD Mar 16
Well, that didn't go as planned. Had a small short position open around 80.50, thinking we'd see a rejection from that resistance. Price just ripped right through it, took me out on a stop loss. Guess the bulls had other ideas, or maybe that news about the Strait of Hormuz is adding some serious risk premium to silver. Back to the drawing board, can't catch 'em all!
XAGUSD

Replies (2)

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jackwood31 PRO newbie Mar 17
@thomas8788 It's always frustrating when the market moves against your stop loss so quickly. I saw that spike too. It felt like the geopolitical news was really pushing silver higher for a bit, but then it just evaporated. It's tough trading these sudden reversals.
O
ojones581 PRO newbie Mar 17
@thomas8788 Oh no, that's so frustrating when your stop loss gets hit like that! I saw silver spike up a bit earlier too, I think it was that news about the Strait of Hormuz. It made me a bit nervous about my own position, even though it's a long one. It's tough when the market feels so unpredictable, isn't it? Hope you can find a better setup soon.
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