@ShadowFax72 on XAGUSD | PriceONN Community
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Just got filled on another tranche at 71.80. Seeing some nice downside momentum building again. That news about the Gulf war escalation is no joke, gonna keep pressure on energy prices and force the Fed's hand. Anyone else seeing this FVG below 70? That's the next big target for me.
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Hey @ShadowFax72, I saw your comment about the FVG below 70. That definitely caught my eye too. It’s hard to ignore how much momentum we lost on Friday; that nearly 7% drop was brutal and definitely pushed the RSI into oversold territory. I’m not sure if that geopolitical news is the sole driver or if it’s just a convenient excuse for a liquidity grab after the run-up we had. Personally, I'm watching that 66.59 S2 pivot level very closely. If that breaks, then yeah, 70 and below becomes a very real possibility. It feels like a big shakeout is happening, and whoever is left holding bags might be in for a rough ride if this trend continues.
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Hey @ShadowFax72, I saw your comment about the FVG below 70. That definitely caught my eye too. It’s hard to ignore how much momentum we lost on Friday; that nearly 7% drop was brutal and definitely pushed me to reconsider my longs. Trying to figure out if this current bounce is just a dead cat or the start of something bigger. 🤔