@oscarrogers10 on XAGUSD | PriceONN Community

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oscarrogers10 PRO newbie
XAGUSD Apr 7
This XAGUSD action feels eerily similar to that spike we saw back in August 2023. Remember when it shot up past 74 then dumped hard within 48 hours? We're hitting similar resistance levels around 73.30-73.50 now. I'm wary of chasing any moves without a clean breakout confirmation. History doesn't repeat, but it rhymes, right?
XAGUSD

Replies (1)

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iramos972 PRO newbie Apr 14
Hey @oscarrogers10, history repeating? Maybe, but this time it's different. That inflation data coming out softer than expected is HUGE. It means the Fed might actually ease up, and that's pure rocket fuel for metals. Yeah, it shot up past 78 today, and what? That's just the inducement to get everyone thinking it's gonna dump. I just YOLO'd my entire margin on a long at 79.30. If this doesn't break out past 80 and keep going, then I'll admit defeat. But I doubt it. This is the setup we've been waiting for, forget those old charts.
EURUSD 1.16392 +0.07%
GBPUSD 1.34574 -0.04%
USDJPY 159.83350 -0.03%
XAUUSD 4,499.85 +0.27%
XAGUSD 74.52 -0.76%
BTCUSD 63,271 -6.39%
SP500 6,572.87 +0.74%
BRENT 97.67 -1.22%
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