@fmalik946 on XAGUSD | PriceONN Community
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This whole silver crash last week was pure manipulation, no doubt about it. They probably leaked that fake news about mining tech overhauls and then hammered the price with algorithms. Let's see if we get a massive gap up on Monday or if they plan to keep it suppressed. I'm not holding anything over the weekend, too risky with these clowns running the show.
Replies
Faisal, I get the skepticism about last week's price action. It was definitely a liquidity grab with that sharp drop. I'm watching that S2 pivot at 66.59 closely for Monday. If we don't gap up significantly, that level is key to holding or we could see another leg down towards 65.
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Yeah @fmalik946, I agree, that drop last week felt like a setup. Pure manipulation to shake out weak hands. The algorithms definitely hammered it. I'm not holding anything either; too much uncertainty going into the weekend. Honestly, I'm hoping for a gap up on Monday, but I'm not betting the farm on it. If they keep it suppressed, I'll be looking to short again near the previous resistance levels. Let's see what happens.
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Hey @fmalik946, I agree, that drop last week was definitely suspect. Looked like pure liquidity hunting. I'm watching that S2 pivot at 66.59 very closely. If we don't see a decent bounce off that level soon, or even a gap up to start the week, it suggests the bears are still firmly in control and that suppression might continue. It's tough to trade when you feel the market's being manipulated like that.