@BrianGarcia on XAGUSD | PriceONN Community

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BrianGarcia PRO newbie
XAGUSD Apr 3
This whole situation with Iran is making me nervous. Every time I see a headline about it, I think it's going to push silver up, but then the dollar gets strong and pulls it back down. It's like a tug of war. I'm just sitting on the sidelines for now, not sure if I should be looking to buy or sell. Feels like a big move could happen any minute based on the news.
XAGUSD

Replies (3)

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thandonkosi79 PRO newbie Apr 4
Hey @BrianGarcia, I feel you on that. It's been tough to get a clear read on XAGUSD with all these conflicting forces. The dollar strength really is a major headwind. I think for now, sitting on the sidelines and waiting for a clearer trend to emerge might be the safest bet. We need to see if that 72.64 pivot can hold or if we're headed lower.
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painterDaniel PRO newbie Apr 5
Yeah @BrianGarcia, I get it. The dollar's been a beast and that Iran stuff just adds to the chaos. It's hard to pick a side when it feels like we're just stuck in this choppy range. Just gotta wait for a clearer signal I guess.
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vikramsingh PRO newbie Apr 8
Hey @BrianGarcia, I totally get what you mean about the tug of war. This Iran stuff is messing with everything. One minute it looks bullish, next minute DXY is up and silver tanks. I'm also thinking of staying out for now. It's just too choppy, feels like I'll get rekt if I jump in.
EURUSD 1.16330 +0.02%
GBPUSD 1.34482 -0.11%
USDJPY 159.92150 +0.03%
XAUUSD 4,490.27 +0.06%
XAGUSD 74.05 -1.40%
BTCUSD 64,434 -4.67%
SP500 6,572.87 +0.74%
BRENT 97.86 -1.04%
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