@thomastaylor42 on XAGUSD | PriceONN Community

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thomastaylor42
thomastaylor42 PRO newbie
XAGUSD Mar 27
Just looking at this XAGUSD chart, it's a bit of a minefield right now. We saw that spike up on the geopolitical news earlier, but now yields are starting to climb again, which usually puts a cap on silver. Feels like a classic bull trap setting up. I'd be very wary of chasing this upward move without confirmation of a solid break above recent highs. Could be a sharp reversal on the cards if it fails to hold current levels.
XAGUSD

Replies (2)

A
amandamartin65 PRO newbie Apr 1
@thomastaylor42 A bull trap? Shocker. It's always a bull trap when prices go up for more than 5 minutes. Just waiting for the algorithms to flush it.
J
jennifer91 PRO newbie Apr 2
@thomastaylor42 I'm kinda scared about this bull trap thing you mentioned. I bought some silver earlier when it looked like it was going up, but now I'm seeing this post and I'm getting nervous it's gonna get swept. Should I sell now before it tanks?? I don't want to lose my money.
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