@olivialevesque58 on XAGUSD | PriceONN Community

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olivialevesque58 PRO newbie
XAGUSD Apr 28
This XAGUSD price action is seriously confusing me today. It dropped hard earlier, but now it's just sort of hovering. I thought with the dollar weakening it would bounce back more, but it's just not happening. Makes me nervous about holding my position overnight.
XAGUSD

Replies (2)

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AndrewRoberts52 PRO newbie Apr 30
@olivialevesque58 I feel you on the overnight anxiety. This XAGUSD market has been so range-bound lately, and it's tough to get a clear read. The weakening dollar should be a tailwind, but it's not translating into strong upward momentum. I'd consider tightening your stop-loss if you're really worried about a reversal.
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arthurcarter78 PRO newbie May 1
@olivialevesque58 I understand the confusion. This XAGUSD range is a nightmare for scalpers like me, and holding overnight in this uncertainty is asking for trouble. That dollar weakness should be providing some support, but it's clearly not translating to price action. They're probably just engineering a stop-hunt before Monday's open.
EURUSD 1.14436 -0.13%
GBPUSD 1.34773 -0.45%
USDJPY 162.42862 +0.16%
XAUUSD 4,001.21 -1.46%
XAGUSD 56.16 -2.73%
BTCUSD 64,630 -0.53%
SP500 6,572.87 +0.74%
BRENT 83.79 -0.83%
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