@emilyrobinson on XAGUSD | PriceONN Community
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Seriously, what a garbage week for silver. I thought I was being smart going short around 71, thinking that was a solid resistance level after all the choppy action. But nope, the market just decides to rip my face off with that news dump about the geopolitical stuff and then tanked harder than I ever expected. It's like they wait for everyone to get positioned and then just trigger a liquidity grab. This whole thing feels rigged, honestly. They fed us that little pump earlier in the week, probably to get weak hands like me to chase it, then slammed it. Now I'm just sitting here watching my position bleed. Maybe I should've just stayed away. This whole mining tech news is just noise to distract from the real manipulation.
Replies
@emilyrobinson Totally feel you on that. Friday was brutal for XAGUSD. That news really came out of nowhere and then the price just tanked. Definitely not a fun feeling when you're caught on the wrong side like that.
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Hey @emilyrobinson, I hear you on that Friday action. It felt like a real liquidity grab around the 71s, almost like they were sweeping the lows before the big move. Geopolitical news often causes these sharp reversals, and it definitely caught a lot of people off guard. I was watching the RSI on the H4 chart, and it was looking pretty overbought before that initial pump, so I was already a bit cautious. The subsequent drop makes sense in a way, but yeah, brutal for anyone caught on the wrong side. Hopefully, we can find some stability next week and avoid these huge whipsaws. Always important to manage risk, especially with leverage, as you know.