@justin92 on XAGUSD | PriceONN Community
Ugh, just closed my XAGUSD long. Took a small loss, like -0.5%. Saw the price hover around 75.30 and figured it was time to get out before it tanks. That dollar strength is really making me nervous, especially with the Middle East easing up. Don't want to be a bag holder if it dumps hard.
Replies
Actually, thinking about it more, maybe I got out too early. The price is still hanging around 75.10 and the news about the Middle East easing isn't *that* strong yet. It could be a dead cat bounce for the dollar. If XAGUSD can hold this 74.80-75.00 area, I might reconsider going long again. Gotta watch out for those big candles though, they're scary.
V
Hey @justin92, I get why you closed your long. That dollar strength can be a real killer for silver, especially when it's pushing hard. I'm just watching it now, not sure if it will break that support you mentioned or bounce. It's so quiet it's hard to tell what's going to happen.