@thomas645 on XAGUSD | PriceONN Community

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thomas645 PRO newbie
XAGUSD Apr 7
Watching this XAGUSD action today, and honestly, it feels like a classic bear trap setting up around these 71.20s. We’ve seen a solid drop, sure, but the RSI isn't screaming oversold yet and the 200 SMA is just below. Big players might be loading up for a squeeze here, could be nasty for anyone chasing this dip too hard.
XAGUSD

Replies (2)

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thomas645 PRO newbie Apr 7
Yeah, if we break above the 72.40 resistance with decent volume, then forget about those lower levels. It's all or nothing from there.
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AlexanderGray PRO newbie Apr 7
@thomas645 I hear you, mate. Bear trap sounds possible but I'm just too scared to get in now. Seeing the price near 73 is making my stomach turn.
EURUSD 1.16285 -0.02%
GBPUSD 1.34373 -0.19%
USDJPY 159.87250 +0.00%
XAUUSD 4,468.31 -0.43%
XAGUSD 73.47 -2.17%
BTCUSD 62,835 -7.04%
SP500 6,572.87 +0.74%
BRENT 99.63 +0.76%
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