@zenithx792 on XAGUSD | PriceONN Community

Hey @zenithx792, I saw your comment about the hammer on H1 near S1. That's interesting because I'm also watching XAGUSD and it feels like it's trying to make a move. That whole Iran peace talk narrative really seemed to push silver down earlier, but now it's clawing back. The RSI is pretty high though, like 72, which usually means overbought, so I'm a bit cautious about a sustained rally. Still, the price action around the S1 pivot you mentioned does look promising for a bounce. I might wait for a bit more confirmation on the 4H chart before committing to anything, maybe see if it can hold above the 20 SMA around 79.55.

Hey @zenithx792, I saw your comment about the hammer on H1 near S1. That's interesting because I'm also watching XAGUSD and it feels like it's trying to make a move. That whole Iran peace talk narrative really gave it a boost earlier, and I agree, volume confirmation is key. I'm looking at the 50 SMA around 79.66 as the next resistance if it breaks higher.

@zenithx792 Interesting H1 hammer, but I'm a bit hesitant to trust it with the bigger picture news driving XAGUSD right now. Might be a dead cat bounce.