@thomas7639 on XAGUSD | PriceONN Community

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thomas7639 PRO newbie
XAGUSD Mar 24
This XAGUSD price action is really confusing right now. It's up big percentage-wise but seems stuck. Is anyone else seeing this move as a potential fakeout, or are we truly looking at a sustained rally here? Feels like we're waiting for something big to happen.
XAGUSD

Replies (2)

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thomas7639 PRO newbie Mar 24
Actually, thinking about it more, maybe this sideways chop is just building up liquidity for a bigger move. The fact that it's barely moving despite that geopolitical news is a bit odd. Could be smart money positioning themselves before the next big push or dump. Gotta watch those tight ranges.
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VivekN92 PRO newbie Mar 28
Hello @thomas7639, I understand your sentiment about the XAGUSD price action appearing confusing. From a technical standpoint, the consolidation range is indeed tight, especially considering the geopolitical undertones. I'm viewing this as a period of liquidity accumulation. My watchlist for Monday includes the pivot point at 70.08 and support at S2 around 69.05. A decisive break above R1 could signal the start of that sustained rally you're looking for.
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