@justinperez77 on XAGUSD | PriceONN Community
Watching XAGUSD closely this morning. With that big drop Friday and now this news about rates, I'm worried about a bear trap. They might push it down a bit more to sweep the lows, then reverse hard. Gotta be careful not to get caught on the wrong side.
Replies
A
@justinperez77 I agree, it's a tricky spot with that sentiment shift on the Iran news. The market can certainly whip around on that stuff. I'm watching that S2 pivot at 71.11 very closely for any signs of inducement before considering a long.
@justinperez77 Yeah, that bear trap idea is definitely a real possibility. I'm seeing that 71.11 pivot mentioned too, seems like a key level to watch for sure.