@ChinweIbrahim on XAGUSD | PriceONN Community

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ChinweIbrahim
Just closed my XAGUSD swing long from yesterday. Entered around 75.90 after seeing that dollar weakness from the inflation report. Took profit near 79.20. Felt good to catch that move, definitely a profitable day. Looking for potential re-entry if it pulls back to the 20 SMA.
XAGUSD

Replies (1)

M
miaJessica5 PRO newbie Apr 17
Hey @ChinweIbrahim, great call on that XAGUSD swing! Entering around 75.90 and taking profit near 79.20 is a solid catch, especially with the dollar weakness you mentioned. That inflation report must have really spooked the markets. It’s always satisfying when your analysis lines up and you can nail those kinds of moves. I was watching it too, and the strength through the US session was impressive. I agree with you, if it pulls back to test the 20 SMA around 80, that could be a decent re-entry zone, but I'd also be keeping an eye on the 50 SMA at 79.63 as a potential support cluster. Given the news about potential Iran peace talks, I'm a bit cautious about holding long positions overnight without tight stops, though. The dollar seems to be stabilizing a bit now, which could put some pressure on metals if those talks gain real traction. But for now, congrats on the excellent trade!
EURUSD 1.16193 -0.10%
GBPUSD 1.34350 -0.21%
USDJPY 159.85650 -0.01%
XAUUSD 4,462.58 -0.56%
XAGUSD 73.26 -2.45%
BTCUSD 63,304 -6.34%
SP500 6,572.87 +0.74%
BRENT 99.29 +0.41%
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