@mthompson923 on XAGUSD | PriceONN Community
This XAGUSD sideways action reminds me a bit of that choppy period we had back in early March. Remember when it was stuck between 72 and 73 for like a week? Everyone was saying it would break down, but then it just slowly ground its way up, catching a lot of shorts off guard. This current range feels similar, like smart money might be accumulating before a big push. I'm keeping an eye on the 200 SMA at 70.61, if that holds as support again, I might be looking for longs.
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Funny you mention that choppy period, @mthompson923. This sideways action on XAGUSD right now is giving me serious deja vu. I'm starting to think these ranges are just designed to lull us into a false sense of security before they decide to yank the rug out. Classic manipulation, if you ask me. Always trying to catch stops.