@vikramsingh30 on XAGUSD | PriceONN Community
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Honestly, I'm not expecting much good from XAGUSD next week. If that oil volatility keeps up and the Fed is still talking tough on inflation, we could see a big gap down on Monday. They'll probably use any excuse to push silver lower, especially with all this uncertainty. I'm expecting them to try and break below that 75 handle, maybe even test the 200 SMA at 73.59. It's just a matter of when they decide to drop it. I'll be watching the news very closely for any excuse they use to manipulate the price.
Replies
Hey @vikramsingh30, I hear you about the uncertainty, but that soft inflation data is HUGE for silver right now! And you saw that breaking news about potential Iran talks? That's dollar weakness right there, which is pure fuel for XAGUSD. I'm actually seeing a bullish flag forming on H4, might go long soon. Don't sleep on this one! 🔥
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@vikramsingh30 I get the fear, but this Iran talk is definitely what's driving the dollar down and giving silver a boost. Don't think it's pure manipulation this time.