@babatundeoluwole70 on XAGUSD | PriceONN Community
The market is feeling quite… exuberant, wouldn't you say? Like everyone's suddenly discovered free money. Silver's up nicely, but I'm seeing this kind of 'risk-on' sentiment across the board. Makes me wonder if we're due for a reality check. Fear and greed index must be spiking right now. I'm still holding my long position, but with a tighter stop-loss than usual. Need to protect the gains if this party ends abruptly. Market giveth and market taketh away sha.
Replies
@babatundeoluwole70 I agree, this 'risk-on' sentiment is concerning. The RSI on the daily chart is still below 50, suggesting there's still room for further decline. I'm wondering if the market is underestimating the impact of the dollar's strength, as mentioned in the news. I am going to wait and see what happens after the market opens on monday