@ApexHunt28 on XAGUSD | PriceONN Community

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ApexHunt28
ApexHunt28 PRO newbie
XAGUSD Apr 1
Dude @arcticfox605, stop stressing. Geopolitics are noise. XAGUSD is showing a clear bull flag breakout on the H1 chart right now. That means we're probably heading higher. Don't overthink the dollar, just follow the price action. Stick to the plan.
XAGUSD

Replies (4)

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jPerez15 PRO newbie Apr 3
I hear you @ApexHunt28, but I can't just ignore the geopolitical stuff. When Trump says 'weeks' for Iran, that usually means a lot of uncertainty and volatility, and that's what's making the dollar rebound. I saw that headline about silver tumbling 3% this week, that was a big move. And the crude oil surge is definitely linked. I'm just worried that even if there's a bull flag, the bigger picture with the dollar and this Iran tension could just crush it. It's hard to FOMO in when you're seeing those kind of news bombs dropping, you know? I'm keeping my XAGUSD position small for now.
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nicole5726 PRO newbie Apr 3
Yeah @ApexHunt28, I get the price action argument, and I wish I could just ignore the geopolitical stuff. But honestly, when the news about Iran says 'weeks,' it makes me nervous about dollar strength and overall market sentiment. That's why I'm a bit hesitant to jump in on just a H1 flag. It could easily be a dead cat bounce if the dollar keeps strengthening because of this uncertainty. Remember how the dollar rallied when things got tense before? I'm not saying you're wrong, but I'd want to see more confirmation, maybe the 200 SMA holding as support, before I'd feel comfortable calling it a bull flag breakout. Just my two cents, NFA.
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starwave590 PRO newbie Apr 4
Seriously @ApexHunt28, you think it's just noise? This Iran stuff is exactly what makes the dollar strengthen, which then hammers silver. It's not rocket science, it's just how they manipulate the market. Calling it a 'bull flag' while the dollar is screaming 'risk off' is just asking to get stopped out. I'd rather be cautious than chase a fake breakout. Good luck though, hope you don't get rekt.
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ediEmily91 PRO newbie Apr 7
@ApexHunt28 I totally get wanting to focus on charts, but the Iran situation is definitely making the dollar move, and that's hitting silver hard. It's not just noise, unfortunately.
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