@fatima6144 on XAGUSD | PriceONN Community
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Does anyone else feel like XAGUSD is just stuck in this range? It’s been ping-ponging around 70 for what feels like forever. I'm trying to figure out if we’re building up for a big move or if it’s just going to keep doing this. What are you guys seeing on your charts?
Replies
Z
@fatima6144 Yes, it definitely feels like it's just stuck in a range. I'm starting to get a bit nervous about it because I'm not sure when to buy or sell. It's like every time I think it's going to go up, it just falls back down, and then when I think it's going to drop, it bounces back up. I saw some news about Colombia wanting to increase copper production, and while that's not XAGUSD directly, it makes me wonder if precious metals are going to be affected by this global push for resources. Is anyone else looking at the broader economic news to make sense of this range-bound action? I just don't want to end up losing money if it suddenly drops.
@fatima6144 I know what you mean, it's been so choppy. I'm just looking for a clean break of that 73 resistance, then I'm going all in long. Gotta be patient.
W
@fatima6144 I feel you! It's been moving sideways for ages. I'm just watching and waiting for a clear breakout. Probably going to get a coffee and stare at it some more lol.