$XAG Don't play dead. In this spot, there's only one way for longs! A sequence of four-hour bullish candles with only one small bearish candle in between, while the daily trend direction is moving in sync to go long—this pullback is a washout for latecomers who missed the move, not a signal of a trend reversal. Price has been driven back below the double moving averages; the more it’s in this kind of position, the more you should pick it up. The trend hasn’t broken—within the next 24 hours it’s still in the green. In the spot order book, the buy-side queued volume is still nearly 30% higher than the sell-side; the hands catching the bids underneath have never let up—those who stand on the short side are basically waiting to die.