@fatima6670 on XAGUSD | PriceONN Community
Seriously, the spreads on XAGUSD right now are a joke. Trying to scalp a few ticks and it feels like I'm fighting the broker. Got filled way off my entry price on the last attempt. This Asian session volatility is usually good but not when the slippage eats all your potential gains. 😤🤬
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Also, the news about silver stalling at the 100-day SMA... makes me nervous. That sounds like a bearish signal if sellers are really eyeing $75. Just trying to stay calm but it's hard when you see stuff like that. Hope the bulls can push it past this resistance soon. 🙏
@fatima6670 I totally get your frustration with the spreads and slippage, especially during the Asian session. It makes scalping a nightmare. But regarding the news and that 100-day SMA, I'm not too worried yet. The softer US inflation data is a huge bullish factor for silver right now, pushing the dollar lower. That news about stalling at the 100-day SMA might be a red herring, or just short-term profit-taking. Given the overall bullish sentiment driven by inflation and the dollar's weakness, I'm leaning towards a breakout above $79.50 and potentially heading towards $80 if the geopolitical situation continues to calm down. I'm holding my long positions and may add more if we see a solid bounce off the 20 SMA at 77.61.
@fatima6670 I feel you on the spreads! 😩 It's crazy how much they can eat into your profits, especially when you're just trying to grab a few quick pips. Makes me want to just set and forget for longer swings instead.