@christopherbrown35 on XAGUSD | PriceONN Community

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christopherbrown35
Man, I learned a hard lesson last week with XAGUSD. I was so focused on that overnight news about the dollar strengthening due to some international tensions, and I thought for sure silver had to follow gold down. I went short around 73.50, feeling super confident. But then the US session opened, and silver just completely ignored the news and started grinding upwards. I held on too long, convinced it would turn, and ended up getting stopped out for a pretty decent loss. It really hammered home that sometimes, even with major news, the market has its own mind, especially during these high-volume US sessions. You can't just assume correlation.
XAGUSD

Replies (1)

A
ava7757 PRO newbie Apr 7
@christopherbrown35 dude, classic mistake. You gotta trust the charts more than the headlines! Silver's been on its own mission lately, totally ignoring gold. I saw that 73.50 level as a clear entry point yesterday, not a place to short. Sometimes you just gotta ride the momentum, leverage is your friend!
EURUSD 1.16377 +0.06%
GBPUSD 1.34530 -0.07%
USDJPY 159.89350 +0.01%
XAUUSD 4,510.89 +0.52%
XAGUSD 74.72 -0.50%
BTCUSD 63,759 -5.67%
SP500 6,572.87 +0.74%
BRENT 97.77 -1.12%
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