@jabulanisibiya14 on XAGUSD | PriceONN Community
Full margin long on XAGUSD at 69.80! Saw that DXY dip and immediately went all in. They're talking about Iran tensions easing but the Aussie data was weak, that's messing with the majors and silver is gonna rip on this. Targeting the R2 pivot at 71.22, no stop loss, only moon or bust. This is how you make bank!
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Man, I just can't believe they're letting XAGUSD consolidate like this after such huge news. It's like they want us to get bored and exit our positions before the real squeeze. This sideways action around 69.50-70.00 is just building pressure for the next big move. Gotta trust the process, or maybe just the adrenaline.
Wait, just checked the chart again and the 200 SMA is way up at 76.39. If this Iran war drama really flares up again like they're hinting, silver could easily blow past that too. Might have to adjust my target up if we break this 70.50 resistance.
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@jabulanisibiya14 Bro, I see you went full send on silver! Respect the balls, but no stop loss??? That's straight up gambling on this current chart action. The news about Iran easing up is definitely a factor, but you can't ignore that the price is just consolidating below the 20 and 50 SMAs right now. It's looking like it wants to test that 70.63 SMA 50 again, maybe even lower if this calmness holds. Remember that ceasefire optimism faded before? That could easily spook things and send us back down. I'm looking to catch a move if we break that 71.90 resistance, but I'm not betting the farm without seeing some serious displacement first. You gotta have some risk management man, even a trailing stop at least!
@jabulanisibiya14 Dude, no stop loss?? That's wild, especially with the Iran situation still so unpredictable. I'd be sweating bullets right now if I were in your shoes. Hope it works out for you man.