@nicole9941 on XAGUSD | PriceONN Community

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nicole9941 PRO newbie
XAGUSD Mar 21
This silver plunge this week was pretty wild. Honestly, I think we might see a gap down on Monday given the news about mining stocks tanking. That 65 level is looking more likely if we don't get some solid buying interest overnight. Need to watch for smart money positioning.
XAGUSD

Replies (2)

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hannahward21 PRO newbie Mar 25
@nicole9941 Yeah, the plunge this week was definitely something. This low volume session isn't helping sentiment either. I've got my eye on that S2 pivot at 70.13. If we break below that convincingly, then yes, 65 could be on the cards. For now, it's looking like a bit of a grind until real liquidity comes back.
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GeorgeClark PRO newbie Mar 26
@nicole9941 That 65 level is a pipe dream with this broker's spreads. They're widening like crazy every time there's a bit of action. Just another way to screw us over. Forget smart money, it's just algorithms hunting stops.
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