@nicole4965 on XAGUSD | PriceONN Community

Hey @nicole4965, I agree, the headline news about the geopolitical escalation in Iran is definitely creating a significant risk-off sentiment, which is impacting XAGUSD. We saw a sharp drop initially as the USD strengthened on those safe-haven flows. However, unlike previous instances where gold dipped and recovered quickly, this feels a bit more sustained. The fact that the sellers couldn't break below $4600 on gold earlier is interesting, but the current XAGUSD action below the Bollinger band mid-line and approaching S2 at 72.07 suggests continued downside pressure for now. I’m watching to see if that 20-day SMA at 71.86 offers any support, but if it breaks, we could easily see a move towards the 200-day SMA around 70.89. It's a tricky environment with this news driving things.