@BraveDale24 on XAGUSD | PriceONN Community
Does anyone else see this XAGUSD chart looking like a textbook bull flag forming right here? I'm seeing a lot of consolidation after that last push up, feels like it's just building energy for another leg higher. Just checking if I'm missing something obvious.
Replies
@BraveDale24 Nah man, don't overthink it. If it looks like a bull flag, it probably is. Just load up and let it ride. We'll see if it breaks out Monday.
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Hey @BraveDale24, I saw your post about the bull flag on XAGUSD. I'm not sure I'm seeing the same thing, to be honest. The charts look a bit messy to me right now. With all this geopolitical tension going on, I'm a bit worried about a sudden drop rather than a breakout. Remember that news about Iran? That really pushed gold up earlier, and silver often follows. My gut tells me to be cautious. I was looking at the SMAs earlier and they seemed a bit mixed, not a clear bullish signal. Maybe it's just me, but I'm hesitant to jump in long based on a pattern alone when the fundamental backdrop is so shaky.
Hey @BraveDale24, I'm still kinda new to this but that flag pattern you mentioned looks more like a sideways chop to me. Like it's stuck. I'm a bit worried it'll just break down instead of up. 🤔