@osmith290 on XAGUSD | PriceONN Community

This whole session has been a bit of a head-scratcher. We saw that initial pop on what looked like some geopolitical support, but then the Dollar strengthened and yields climbed, completely negating it. Now we're sitting around S1 at 66.29, which is a key level from the pivots. I'm watching the RSI closely; it's down at 35.1, indicating oversold conditions but without strong buying conviction yet. It feels like the market is grappling with the conflicting narratives of safe-haven demand versus the tightening financial conditions. Honestly, I'm staying out until we see a clearer directional signal or a confirmed bounce off this support. The 200 SMA is still a long way above at 73.33, so there's plenty of room for further downside if this support fails. It's just one of those days where you have to be patient.