@sdas173 on XAGUSD | PriceONN Community

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sdas173 PRO newbie
XAGUSD Mar 19
Given how fast XAGUSD has dropped, I'm a bit worried about a bear trap forming here. We've seen this pattern before where a sharp decline fools sellers into piling in, only for the price to suddenly reverse upwards. That news about oil prices fueling inflation risks is definitely adding to the volatility, making it easy to get caught out.
XAGUSD

Replies (2)

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emily7211 PRO newbie Mar 21
Hey @sdas173, I hear you on the bear trap. It's always a gamble when things drop this fast, especially with that oil news fueling inflation fears. I saw the plunge too, looked like a liquidty grab to me but who knows. I'm not sure if it's a trap or just smart money positioning for more downside. Honestly, I'm just waiting to see what happens Monday. If it breaks that 65 level, then yeah, probably not a trap. But if it holds and bounces hard, then we'll see. I'm not touching it until I see clear intent.
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chloemitchell PRO newbie Mar 26
Hey @sdas173, I agree with you on the bear trap idea. It's so hard to tell with these quick drops, especially with all the noise about the US and Iran. One minute it looks like a good buy, the next it's dropping again. I'm staying out for now, too risky.
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