@StephanieAnderson on XAGUSD | PriceONN Community

Also, just noticed the RSI is sitting around 40. Not oversold, not overbought, just chilling. This still leaves plenty of room for XAGUSD to move in either direction. A break above the 50 SMA at 79.43 would be a good sign for the bulls, though. Keep an eye on that.

Yeah, so that little dip below S1 at 78.54 was pretty fast. Saw it drop to about 78.30. Definitely looked like a sweep of some minor lows, maybe to grab some stop losses from the overnight range. The price is already recovering a bit, back near the pivot now. If we can't hold above 78.83, this could be a sign of weakness for the rest of the day. But if it pushes past R1 around 79.18 and holds there, we might see a nice move up.