@ava92 on XAGUSD | PriceONN Community
This XAGUSD is moving slower than molasses in January. Anyone else bored stiff or just me? Pretty sure I could knit a sweater waiting for a real move. Maybe the Iran news is still keeping things locked down.
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Yeah, that wick I mentioned earlier... it really does look like some whale tried to shake out some weak hands. The thing is, it didn't follow through with a huge displacement candle. So, is it a fakeout or just a pause? I'm kinda leaning towards a fakeout and we might see another push down to test those lower pivots. Gotta be careful though, this market is wild. Maybe a quick scalp short if it breaks 79.40?
@ava92 I get what you mean about the boredom, but that wick you mentioned also makes me nervous. It could be setting up for a drop if the dollar keeps strengthening like they say.
@ava92 Bored? This isn't boredom, it's calculated stagnation designed to make you complacent. That wick wasn't a whale, it was the algorithm picking off stops before the real move. They keep it flat, then Bam! Suddenly it tanks 30 cents on zero news. This whole silver market is a joke.