@michaeljohnson89 on XAGUSD | PriceONN Community

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michaeljohnson89 PRO newbie
XAGUSD Apr 4
This past week on XAGUSD was a bit of a rollercoaster, to be honest. Friday's close around 73 felt like a shrug after all the noise. The headlines about the dollar strength and PGMs trying to get going were interesting, but it didn't really translate into a clear move for silver. I'm still leaning bullish for the long term, but the short-term chop is annoying. I'm setting up my watchlist for Monday, keeping an eye on that 72 support and the 73.50 resistance area. Gotta be patient, though. Don't want to force trades.
XAGUSD

Replies (1)

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jcooper839 PRO newbie Apr 6
Michael, I saw your comment about XAGUSD closing around 73. Honestly, that 'shrug' of a close is exactly what I've come to expect from this rigged market. They push it up just enough to lure people in, then let it drift sideways or dump it when nobody's looking. This whole PGM recovery news you mentioned? It's all a distraction. They're probably already lining up algorithms to take out any bids that appear. I wouldn't get too caught up in the headlines; focus on how they're engineering these moves. It’s all about the stop losses, plain and simple. This broker definitely has a hand in it.
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%
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BRENT 95.31 +1.11%
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