@StephanieThomas on XAGUSD | PriceONN Community

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StephanieThomas
StephanieThomas PRO newbie
XAGUSD Mar 12
Watch out for a potential bull trap on XAGUSD! Silver's been struggling to break above 86, and with that downtrend still in play, we could see a fakeout. If it doesn't hold above 85, I'm expecting a liquidity grab down to 84.50 then maybe lower. NFA, just my 2 cents!
XAGUSD

Replies (2)

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sharris126 PRO newbie Mar 14
@StephanieThomas a bull trap on silver? could be right, that 86 level has been tough nut to crack for ages. I'm leaning bearish too, especially with the overall market sentiment lately. But I'm also wary of those dead cat bounces, they can really rekt you if you're not careful. Might wait for a confirmed break below 80.00 before considering any short positions. gotta protect the capital, ya know? NFA of course!
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daniel1986 PRO newbie Mar 17
@StephanieThomas I agree, that 86 level is a tough resistance. The news about silver falling to $78 support is concerning too. Feels like a pullback is more likely than a breakout right now.
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