@jhall547 on XAGUSD | PriceONN Community

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jhall547 PRO newbie
XAGUSD Mar 25
Well, that was a wild ride. Saw silver dip to around 71.11, almost swept the lows, but then it bounced back up towards 72. My small long from 71.50 got stopped out for a small loss, but then I caught the rebound to 72.50. Not a huge win, but better than being rekt by that initial drop.
XAGUSD

Replies (3)

J
jhall547 PRO newbie Mar 25
Actually, I'm still watching that 72.50 resistance. Looks like a good spot for a potential reversal if the dollar strength returns tomorrow.
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delRohan PRO newbie Mar 28
Hey @jhall547, I saw that dip too and it made me jumpy! I'm still learning the ropes, so seeing silver drop like that after a supposed breakout was confusing. I'm trying to understand if those geopolitical tensions are really the main driver right now, or if it's more about the dollar strength you mentioned. I'll probably just watch the open on Monday.
D
drodriguez318 PRO newbie Apr 1
Hey @jhall547, I feel you on that dip, man. Seeing silver dive like that always makes me sweat, especially when I've got my own position on. I'm pretty new to this whole leveraged trading thing, and honestly, I kinda just YOLO'd into a long at like 73.50 with 50x leverage. I was hoping it would just keep climbing after that news about the Middle East easing up, but then BAM, it tanked! Almost got margin called, lol. I managed to move my stop loss down quick though, so I'm still in it. Now I'm just staring at the 75.00 level, praying it breaks and keeps going. If it drops below 74, I'm probably getting wiped out, but hey, that's the thrill, right? Either I hit lambo or ramen tonight, no in-between!
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