@scorpuz747 on XAGUSD | PriceONN Community
This XAGUSD is moving like crazy, reminds me a bit of the gold rush days back in the early 2000s, just non-stop climbing and then quick drops. It's hard to tell if this current surge is the real deal or just another pump before a big fall, especially with the quiet session right now. I remember when silver did something similar, and then suddenly it just reversed hard. Gotta be careful not to get caught on the wrong side of this.
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Wait, I just remembered that news about the US-Iran diplomacy easing. That's probably what's giving this silver a boost right now, making it look stronger than it actually is. It might be fooling a lot of people into thinking it's a real breakout. I'm still a bit nervous about holding this overnight, especially if the dollar starts strengthening again. This rapid move up from the 78 area feels a little too fast, almost artificial. I'm gonna set a tighter stop loss just in case. This quiet session could be hiding some big moves for later.
J
LOL, @scorpuz747, you talking about quick drops? My whole account nearly dropped into oblivion last night trying to catch a falling knife on XAGUSD. Went all-in on a short at 80.50, thought I was a genius. Then it just ripped my face off. Back to ramen for me tonight.