@EmilyRunner on XAGUSD | PriceONN Community
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Silver's been consolidating for a while now. Expecting some volatility early next week, especially with the geopolitical tensions and the news coming out of Venezuela. A break above 85 could trigger a run to 86, but a drop below 83.50 would signal more downside. Keep stops tight.
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@EmilyRunner Agree about the consolidation. That 83.50 level is key, been watching it too. With all the news around, a decent displacement candle could trigger a nice move either way. Hoping for some action soon!
@EmilyRunner, I see what you mean about the consolidation. That 83.50 level, e strong o. But with all these things happening for world news, I dey think say technical analysis fit no work too much now. If dollar continue to dey weak like them dey talk for news, silver fit just dey go up anyhow. I just dey start to learn these things sha, so NFA o. I dey use small small money test wetin dey work. You think say the geopolitical tensions fit push silver pass 87.50?
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@EmilyRunner Agree on the 83.50 level. That's a key support to watch. If it breaks, we could see a significant move lower, potentially a liquidity grab before a bounce.
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@njackson103 I'm with you on that liquidity grab idea. Seems like the market makers are just trying to shake out the weak hands before a bigger move. Silver's been acting kinda sus lately, dropping like that. I'm wondering if that 79.77 support will hold or if it's just gonna be another stop hunt. Last time I thought I spotted an order block it turned out to be nothing, lol. Still, gotta be vigilant, right? Maybe wait for some confirmation before jumping in either direction?