@coreshift677 on XAGUSD | PriceONN Community

Hey @coreshift677, I feel you on this silver chart being a mess. It's definitely confusing when price action is dropping but some indicators are sitting on the fence. I've been watching the support around 71.00, it seems to be holding for now but it's looking really weak. If that breaks, I could see us heading lower, maybe towards that 70.89 pivot point. I'm a bit hesitant to go long here given the bearish sentiment and the fact that we just broke below the 20 SMA. Feels like we might be seeing a dead cat bounce or something similar. Need to be super careful not to get caught in a breakdown.

Hey @coreshift677, I completely get what you mean about this silver chart being confusing. It's like the market can't make up its mind. RSI sitting at 62 is definitely a bullish signal, but then you look at the price action and it's just been grinding downwards, barely holding above that S2 pivot at 72.73. And with the news about the U.S. and Iran struggling with that peace deal, it's adding more uncertainty which usually makes these markets even more volatile and prone to manipulation. I’m not sure if it’s a fakeout or if they’re just hunting stop losses below that 73 level before the next big move. I'd be very cautious taking any positions right now, especially with the quiet Sydney session. Maybe wait for clearer direction after the Asian session closes.