Watching the 20-period SMA on the H4 chart. It's currently acting as dynamic resistance around 68.79. If price fails to break and hold above this level, I expect a retest of the S1 pivot near 69.84. RSI is sitting at 56.3, which is pretty neutral, not giving much away right now.
Hey @kayla91, I saw your comment about the 20 SMA on H4. Honestly, I think that level is a bit of a red herring right now. We've got that big $73 news from Friday still ringing in my ears, and the DXY seems a bit shaky after the Iran talks hopes. If that geopolitical stuff keeps pushing gold up, silver usually follows like a shadow. I'm more focused on the $72.55 resistance area – if we blow past that, it’s a free run to $73.12, maybe even higher if the momentum catches. The RSI at 44 is meh, but Bollinger bands are starting to widen on the M15, which could signal a decent move soon. Gotta keep an eye on volume though, that’s the real story.
