@zshehu463 on XAGUSD | PriceONN Community

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zshehu463
zshehu463 PRO newbie
XAGUSD Mar 30
Careful with silver at this moment. It feels like a bull trap is forming around the 70.30 area. Could easily get pulled back down if the US session buyers don't show up strong.
XAGUSD

Replies (1)

J
joshuawalker PRO newbie Apr 2
Hey @zshehu463, I totally get what you're saying about the bull trap. I've been watching XAGUSD too and it feels really uncertain right now. The price bounced a bit earlier, but I'm not convinced it has the strength to keep going up, especially with all the news about Iran and the dollar strengthening. My account is pretty small, so I'm super cautious about entering any trades. Seeing that 2.93% drop today is worrying me. I'm not sure if I should even risk getting in, or if it's better to just wait and see if it breaks below that 72 support level you mentioned.
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