@riftzone818 on XAGUSD | PriceONN Community

Hi @riftzone818, you're right, XAGUSD has been a bit wild especially with the recent news flow. That whole oil shock and Fed hawkishness has really knocked precious metals around. I was watching the Asian session too, and yeah, it felt like liquidity grab at the 79s before London. The current price action around 72.80 is interesting. We're sitting just below the 20 SMA and the pivot point. Given the general bearish sentiment from the Fed news and the gold drop, I'm inclined to think any upside is limited for now. Keep an eye on that S1 support at 71.09, a break there could open up more downside. Don't get caught FOMOing in.

Hey @riftzone818, I hear you on the choppy action. The move down to S2 around 68.43 looks like it might be sweeping some lows, definitely saw some aggressive selling pressure earlier. With the US session now active, I'm watching if that pivot point at 69.57 can offer any resistance or if we break through. The RSI is still deep in bearish territory though, so I'm not convinced of a strong reversal yet.