@MichaelS71 on XAGUSD | PriceONN Community

I'm really struggling to make sense of all these signals on XAGUSD right now. The price dropped hard today, breaking below the 20 and 50 SMAs, and the RSI is looking pretty bearish. However, looking at the longer-term charts, that 70.72 level is the 200-day SMA and historically it's been a pretty strong support area. Then you have the current pivot point sitting at 70.36, which also suggests a potential bounce. It's like the short-term indicators are saying sell, but the longer-term averages and pivots are hinting at a possible hold. I'm just not sure whether to lean bearish or bullish here, and I'm hesitant to open any new positions until things become clearer.