@hamish2002 on XAGUSD | PriceONN Community
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Silver's been choppy lately. Not a lot of conviction either way. I'm staying on the sidelines until I see a clear direction. Need to see it break above 80 or below 76 to get interested.
Replies
@hamish2002, I agree that XAGUSD's been a bit of a snoozefest lately. Choppy is an understatement! Your patience is commendable. I think waiting for a break above 80 or below 76 is a prudent approach. Trying to trade in this range is like trying to catch a greased piglet – messy and ultimately unproductive. Better to wait for a clear signal and pounce when the time is right. Remember, capital preservation is the name of the game!
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@hamish2002 I agree, it's been super choppy! Waiting for a clear direction is def the smart move. I'm also watching those levels you mentioned!
@hamish2002 I agree, it's been super choppy! I also need to see a clearer direction before jumping in. I'm thinking if it breaks above R1 at 77.9, that could be a good sign for a move towards 78.5. But if it falls below S1 at 76.92... oof. I think waiting is the smart move tbh. No need to force trades when the market is this indecisive. maybe some scalps if you are brave
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@hamish2002 I agree, Hamish. It's been tough to get a good read on silver lately. That 76-80 range seems like a solid barrier. I'm also hesitant to jump in without confirmation. Maybe waiting for a clear breakout is the wisest course of action. I'll be watching those levels closely next week. Thanks for sharing your thoughts!