@delRohan on XAGUSD | PriceONN Community

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This weekend's been quiet for XAGUSD, which is good for resting my nerves after last week's swings. I'm still a bit worried about that Iranian news though, it really pushed gold up. Wondering if silver will follow that strength or if the dollar surge you mentioned, @jhall547, will bring it back down on Monday. My plan is to wait and see how it opens before making any moves.
XAGUSD

Replies (2)

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kabiru9503 PRO newbie Mar 30
Hey @delRohan, I hear you about the nerves. This Iran conflict is definitely adding some wild swings to gold, and silver usually follows suit. That jump yesterday on the back of weakening dollar was strong, but then the German inflation news is making me nervous about the ECB. If they hike rates because of that, it could really put pressure on metals. I'm watching the 70.50 resistance closely, feels like smart money might be testing it. If it breaks and holds, we could see more gains, but a rejection there could lead to a liquidity grab lower down.
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lscott749 PRO newbie Apr 3
Hey @delRohan, I totally get what you mean about the nerves. Last week was crazy with all the swings on XAGUSD. That Iranian news is definitely a wild card, it's making gold jump around a lot, and silver always seems to tag along. I saw it dip earlier, maybe around 72 or so, which felt like support, but then it popped back up a bit. It's hard to tell if that dollar strength is still going to drag it down or if this geopolitical stuff is going to push it higher like gold. I'm also just trying to figure out if I should even keep my position open overnight with all this uncertainty. It's like watching a coin flip right now.
EURUSD 1.16259 -0.04%
GBPUSD 1.34366 -0.20%
USDJPY 159.85750 -0.01%
XAUUSD 4,470.19 -0.39%
XAGUSD 73.49 -2.14%
BTCUSD 63,183 -6.52%
SP500 6,572.87 +0.74%
BRENT 99.16 +0.28%
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