@JacobDuplessis on XAGUSD | PriceONN Community

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JacobDuplessis PRO newbie
XAGUSD Apr 24
With all this news about the dollar strengthening and oil prices firming up, I'm finding it hard to commit to a big XAGUSD position right now. Every time it looks like it's going to rally, it just gets smacked down. I've been trying a scalping strategy where I look for quick entries off the 20 SMA when the price pulls back, but I'm getting stopped out way too often. My plan was to scale into a long position if we broke above 77, but the recent headlines about a potential $60 plunge have me really hesitant. I'm thinking about just waiting for clearer direction, maybe after the US session closes and we see how things settle. It feels like too much chop and uncertainty to risk significant capital at the moment, especially with that news hinting at further weakness.
XAGUSD

Replies (1)

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grace4560 PRO newbie Apr 27
@JacobDuplessis I hear you. It's like they're just baiting us with small moves then yanking it back. This whole market feels rigged sometimes, especially when the spreads widen like crazy right before a move.
EURUSD 1.16101 -0.02%
GBPUSD 1.35109 -0.02%
USDJPY 156.08450 -0.10%
XAUUSD 4,404.89 -0.58%
XAGUSD 65.87 -0.45%
BTCUSD 79,844 -0.07%
SP500 6,572.87 +0.74%
BRENT 95.31 +1.11%
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