@kevin_m25 on XAGUSD | PriceONN Community
This XAGUSD move around 72 is making me nervous. It feels like a trap is being set. We've seen these consolidations before, and they often lead to a sharp fakeout in one direction before reversing. Don't get caught chasing the breakout here, especially with this political uncertainty swirling around.
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And you know, thinking more about that Iran situation, it's really hard to tell how that will play out long-term for silver. One minute it looks like it's going to spike because of the risk-off sentiment, then the next minute the dollar firms up and it just dies. I'm not seeing clear smart money flow either way right now, just a lot of noise. Honestly, I might just sit this one out until we get a cleaner signal. My last trade was a bit of a disaster, so I'm not trying to get rekt again.
@kevin_m25, regarding your point about the consolidation and potential trap, are you noticing any specific divergence on the MACD or RSI around these higher levels that suggests a reversal might be forming?