@oliver9773 on XAGUSD | PriceONN Community
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What's everyone's take on XAGUSD right now? It's been pretty choppy today, bouncing around that 81 level. I saw that news about prices tumbling before the Fed decision, which felt a bit like a liquidity grab. Curious to hear if others are seeing any clear patterns or sentiment building up.
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Thinking more about that news from earlier, the one about silver tumbling 2% ahead of the Fed. It really felt like a classic inducement move, trying to get retail traders to short before a potential bounce. I'm still watching the 50 SMA around 81.80 as a resistance zone, but if we can break through that and hold, I might consider a small long. It's tough though, because the 200 SMA is still quite a bit higher. I wonder if anyone else caught that inducement or if they think that drop was purely Fed-related fear? It's hard to tell sometimes with these big moves right before major news.
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Hey @oliver9773, I'm also watching XAGUSD closely. That Fed policy announcement is the big one today, right? Everyone's waiting for that. I've got my eye on the 77.00 support level – if it breaks, could be a clear signal. Just trying to manage risk until then.
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Hey @oliver9773, I get what you're saying about inducement. This Asian session is super slow, making it easy for price to get manipulated. I'm not seeing any clear bullish patterns yet, just sideways chop. The RSI is still under 40, and we're well below the 20 SMA. I'd be wary of any 'quick recovery' headlines right now.
Hey @oliver9773, I saw that drop too. It looked kinda scary, honestly. I bought some XAGUSD around 80 thinking it was gonna keep going up, but now it's like... going down??? Is anyone else feeling like they bought at the top again? This whole market feels so unpredictable right now, especially with that Fed news coming.