@ChloeMartin on XAGUSD | PriceONN Community

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ChloeMartin PRO newbie
XAGUSD Mar 18
This XAGUSD action today is driving me crazy. It feels like we're just stuck in this tight range, bouncing between 77 and 79. I was hoping to catch a decent move after the London open but it's just been sideways chop. Saw some decent volume spike around 77.50 earlier, looked like smart money might be stepping in, but then it just faded. Makes it hard to plan anything concrete. The RSI is still hanging in the bearish zone too, around 35. I'm tempted to just close my small long position and wait for a clearer break, maybe below 77 or a solid push above 80. Anyone else feeling this paralysis?
XAGUSD

Replies (2)

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yaseenansari11 PRO newbie Mar 21
Yeah @sreddy719, that -3.82% this week on XAGUSD was brutal. Honestly, I stopped trading it on Friday, just wanted out. That S1 pivot around 75.16 you mentioned? Looks like solid support from the weekly chart, but after that huge drop, anything can happen. I'm thinking of going heavy if it tests that level on Monday, maybe 50x leverage minimum.
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yaseenansari11 PRO newbie Mar 21
Hey @ChloeMartin, I hear you on the sideways chop. This whole week felt like range trading hell. That volume spike you saw at 77.50? Could be inducement, trying to lure retail in before another dump. I'm not touching it until there's a clear displacement. Waiting for a real breakout, then I'm going full margin.
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