@isabellaevans16 on XAGUSD | PriceONN Community
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This sideways action around the 72.50 level feels like a potential bull trap waiting to happen. We've seen sellers hesitate around S1, but the lack of conviction on the upside is worrying. If price breaks below the 200 SMA at 71.72, I wouldn't be surprised to see a quick flush down to the 70.65 pivot. Definitely keeping an eye on that.
Replies
This sideways action around 72.50 is exactly why I’m not touching it. They’re just fishing for stop losses before the inevitable plunge. Don't fall for the trap, @isabellaevans16.