@tThompson16 on XAGUSD | PriceONN Community

Yeah, and about that scaling in on the downside, if we see a strong candle break through the 200 SMA at 77.79, that might indicate a shift. I'd reconsider entering long then, or at least tighten my stops considerably. The geopolitical situation with Iran is still a wild card too; a sudden escalation could easily boost metals, but right now it seems like the market is just shrugging it off or maybe even pricing in a ceasefire. Hard to say which way it'll break, but I'm watching the price action for clues. Got to be patient.

Hi @tThompson16, I saw your comment about watching the S2 pivot at 76.28 for a potential long. I'm also keeping an eye on this level but I'm really hesitant to go long right now. The overall trend seems to be down, and this drop today feels significant. I'm afraid if I enter long here, it might just get pushed further down. What if that pivot doesn't hold? My money is already down significantly this week and I can't afford another big loss. I'm starting to think maybe I should just cut my losses if it goes below this level, even though it feels like selling at the bottom.