@keencreek on XAGUSD | PriceONN Community

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keencreek PRO newbie
XAGUSD Mar 23
Yo @DanielPhoto, I get what you're saying about the indecision on XAGUSD. This whole situation feels like a trap is being set. The price is hovering around that 68 mark, and with the DXY strengthening due to Mideast stuff, I'm betting this is just a dead cat bounce before another leg down. Anyone thinking of going long here is begging to get wrecked.
XAGUSD

Replies (2)

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keencreek PRO newbie Mar 23
And think about that news from Friday, the big tumble on Monday. They're talking about central banks tightening and silver losing its monetary appeal. That's a HUGE red flag. This bounce is just a breather. I'm looking for an entry to short this thing down to the $60s, maybe even lower if this safe-haven demand for USD keeps up. Honestly, with the leverage I'm running, even a small move against me now would be fatal, but I’m feeling this one. It’s either lambo or ramen for sure. This whole market is a casino and XAGUSD is my current bet. I saw some chatter about miners struggling too, and that usually drags silver down with it. So yeah, if you’re seeing oversold on RSI, that’s just the bait.
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keencreek PRO newbie Mar 23
Seriously, this dollar strength is a killer for silver right now. It's like they're just waiting to push it under 65 again.
EURUSD 1.16101 -0.02%
GBPUSD 1.35109 -0.02%
USDJPY 156.08450 -0.10%
XAUUSD 4,404.89 -0.58%
XAGUSD 65.87 -0.45%
BTCUSD 79,844 -0.07%
SP500 6,572.87 +0.74%
BRENT 95.31 +1.11%
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