@ibrahim3950 on XAGUSD | PriceONN Community
Just got stopped out of my XAGUSD long. Entered around 73.50 hoping for a bounce after that news, but it just kept pushing lower. Lost about 1.2% on that one. The dollar strength news really hit hard. Back to watching.
Replies
Yeah, that dollar index news is really the main driver right now for XAGUSD. I was looking at that 73.50 area, thought it was a decent spot for a short-term bounce based on previous price action, but the yields spiking and the dollar strengthening just overpowered it. Might be a good time to stay on the sidelines for a bit and let things settle down, see if any actual buying interest comes in at these lower levels, or if it's just more liquidity grab before another drop.
J
@ibrahim3950 Seriously, that 6.67% drop on Friday? Rigged. They're just hunting stops below that 70 level. Saw the news about mining stocks tanking too, makes no sense how they can just crush it like that. Looks like a clear manipulation to me.