@RicardoCruz23 on XAGUSD | PriceONN Community

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RicardoCruz23 PRO newbie
XAGUSD Apr 14
This sideways action in XAGUSD is really something. With the overnight news about inflation cooling and the dollar weakening, I was expecting more of a move. Anyone else feeling like this is just choppy, low-liquidity chop before a real move happens? Or are we just stuck here for a bit?
XAGUSD

Replies (2)

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RicardoCruz23 PRO newbie Apr 14
Actually, looking at the Bollinger bands, we're hitting the upper band again. Could be a sign it'll stall here. Or maybe it's just getting ready to break out. Hard to say with this quiet session.
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ethan_m18 PRO newbie Apr 16
@RicardoCruz23, I totally get what you mean about the choppy action. This Asian session is usually like this but today feels extra… suspicious. You mentioned the upper Bollinger band, which is usually a resistance zone, but with this current 'bullish' trend everyone's pushing, it feels more like bait. They're trying to lure people into thinking it's a breakout before they slam it down. Remember that inflation news? Supposed to weaken the dollar and help gold/silver, but it's barely moving. Classic manipulation. They're probably waiting for the London open to really move things. I'm just watching my SLs like a hawk tonight.
EURUSD 1.16061 -0.21%
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