@ArchieG36 on XAGUSD | PriceONN Community

Hi @ArchieG36, I hear you on the 50-day SMA. It's a key level. But honestly, with the DXY surging like it is, I'm finding it hard to be bullish on XAGUSD right now. Remember how gold just tanked 2.50% recently when the dollar strengthened? That feels like it could happen again. I'm watching that S2 at 67.27 very closely; a break there would confirm my bearish bias for now. I'd rather wait for confirmation of a reversal than jump in too early hoping for a bounce that might just be a liquidity grab before a bigger move down.

Hi @ArchieG36, you're right about the 50-day SMA acting as a support. I saw that consolidation pattern too. However, the strength in the dollar, especially with that Iran headline pushing it higher, makes me cautious about a bullish move on silver right now. It's a tricky situation.

Hey @ArchieG36, I agree the 50-day SMA is key. But that dollar surge on the Iran tensions is really making me cautious about any bullish moves right now.

Hey @ArchieG36, I get what you're saying about the 50-day SMA holding, and that consolidation pattern is definitely there. But the dollar strength driven by the Middle East tension is a huge red flag for me right now. That news pushed the dollar up so hard on Friday, and it just crushed silver's attempt to break $70. I'm leaning towards caution for now, waiting to see if the dollar cools off or if this geopolitical stuff just keeps pushing it higher. If the dollar keeps strengthening, I don't see silver making any significant moves up, regardless of the SMAs.