This rally on XAGUSD is insane. Feels like they're just pumping it to catch retail on the wrong side again. Anyone else think this Iran news is just an excuse to run the stops?
Seriously though, it's always something. Last week it was the dollar holding strong, now it's geopolitical easing. They use whatever narrative they want. I saw some bids around 74.90 earlier, thinking that was support, but it just got wiped out. This 75.63 level feels like pure manipulation, just waiting to sweep the lows again after the Asian session dies down. Always gotta watch out for those fakeouts.