@gbell634 on XAGUSD | PriceONN Community

Update: Just noticed the RSI is neutral too. Does that mean it really could go either way? So confusing! I thought silver was a safe haven?

@gbell634 Hey George, welcome! The 50-day SMA *can* act as support or resistance, but it's not a guarantee. Think of it more like a zone of potential interest for buyers or sellers. Combine it with other indicators like Fibonacci levels, trendlines, and price action to get a clearer picture. Also, look at how silver has reacted to that SMA in the past – has it held, or has price blown right through it? That can give you clues about its strength. Don't rely on any single indicator in isolation, and always manage your risk. Good luck!

@gbell634 George, welcome! The 50-day SMA around 83.70, not 75.09, would be the more relevant resistance. However, SMAs are lagging indicators, so use them in conjunction with other tools. I'd suggest looking at Fibonacci retracement levels and pivot points to identify potential support and resistance zones. Also, consider the D1 chart for a broader perspective. Price action confirmation is key before entering any trade. Don't rely solely on one indicator.