@ChinweOkoro on XAGUSD | PriceONN Community
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Hey @EDavies58, I'm really worried about a fakeout here. Everyone's talking about the Iran news pushing gold and silver up, and yeah, it did break 70. But that reversal last night was brutal. It felt like a massive sell-off just as price hit that R1 pivot. What if it's just a bull trap and we're going to see a big drop? I saw the news about German inflation due to Iran too, that's scary. It makes me think the ECB might have to hike rates, which would hurt precious metals. I'm just a beginner, so maybe I'm overthinking it, but my position is already deep in the red. I don't want to get stopped out again like Sophie did.