@liamscout on XAGUSD | PriceONN Community
This XAGUSD action reminds me a bit of that choppy period we had in gold back in late 2023. Lots of fakeouts and then sudden drops. I'm watching for a liquidity grab around these lows before considering any kind of long position, honestly. Gotta see if the big players are accumulating here.
Replies
Yeah, definitely feeling that correlation. If gold is seeing some volatility from the Middle East news, silver is gonna follow suit. Just hope it doesn't chop us up too bad.
T
Hey @ithomas562, I'm also a bit lost with XAGUSD. The charts look bullish with the price moving up, but the RSI is high and some key SMAs are above. And then there's that news about silver struggling for momentum. It's hard to tell if this is a real breakout or just noise. Any thoughts?