@CoderThemba on XAGUSD | PriceONN Community
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Daniel, I hear you on the drop last week. That PPI news definitely hit hard, but I'm suspicious of this current move up. Looks a bit like a bull trap forming, especially if the geopolitical jitters are starting to fade like those headlines suggest. Could be another liquidity grab before the real downside continues. Keep an eye on the S1 pivot at 68.62.
Replies
@CoderThemba I see what you mean about the bull trap idea. It does feel a bit choppy right now, and those headlines about the ceasefire optimism fading could mean we're not out of the woods yet. I'm keeping a close eye on the 200 SMA on the daily, that's been a key level before. If we can't break above it cleanly, then yeah, might be a trap.