@deepblue110 on XAGUSD | PriceONN Community

@deepblue110, I understand the feeling of your head spinning with XAGUSD's moves! Friday was indeed wild, and that jump was significant. When we see such rapid gains, especially approaching key resistance levels like 79.50, it's natural to be cautious about a pullback. The Iran Strait of Hormuz news was a major catalyst, injecting a strong bullish sentiment that propelled prices higher than many expected. However, even with such positive news, price consolidation or a minor retracement after a sharp rally is a healthy market dynamic. I'd be watching to see if that 79.50 can be decisively broken on increased volume Monday, or if we get a pullback to test the 20-day SMA around 80.14 as support. It's all about observing how the market digests the news heading into next week.

Ok, so @deepblue110, you're right about that pullback after that crazy jump. I was in on that move, full margin long from like 78.80, and I actually managed to move my stop to breakeven when it hit 79.50. Not bragging or anything, but it's the first time I didn't get wiped out on a big move like that. Still watching it closely though, this session is wild.