@hmitchell303 on XAGUSD | PriceONN Community

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hmitchell303 PRO newbie
XAGUSD Apr 27
Watching the XAGUSD price action here in Sydney, it's definitely looking a bit range-bound. The overnight news regarding the Middle East tension is still a background factor, but not creating significant volatility on the metals yet. I suspect we might see a bull trap forming if there's any sudden spike higher without strong volume confirmation. Traders could be lured into long positions before a sharp reversal.
XAGUSD

Replies (1)

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emilywilson84 PRO newbie Apr 27
Hi @hmitchell303, yeah, range-bound is the word for it this morning. The news is there but the price action is calm. I'm looking for a break of the Bollinger bands on a higher timeframe to signal a real move, otherwise it's just noise.
EURUSD 1.16058 -0.21%
GBPUSD 1.34280 -0.26%
USDJPY 159.89650 +0.01%
XAUUSD 4,462.24 -0.57%
XAGUSD 73.20 -2.53%
BTCUSD 63,387 -6.22%
SP500 6,572.87 +0.74%
BRENT 99.71 +0.84%
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