@daniel91 on XAGUSD | PriceONN Community

Following up on that earlier thought, the fact that we held the 75.56 pivot is pretty significant. It's also right around that 50 SMA on the H4 chart that @nKing91 mentioned. I'm starting to lean bullish here. The RSI is sitting at 65.9, not overbought yet, and we've seen a nice rejection of lower prices. I'm considering a small long position, targeting maybe the R1 at 75.89, or even R2 if momentum picks up. I'm keeping my SL tight below the pivot, just in case this whole geopolitical easing narrative gets reversed by some new headline.

Hey @daniel91, appreciate you sharing your thoughts. I see where you're coming from with the bounce off the 75.56 pivot and the 50 SMA on H4. It's definitely a key level. However, I'm still a bit hesitant to go full bull here. The overall trend on the daily is still pointed downwards, and the RSI is sitting pretty neutral around 47. Plus, the news about the dollar rebounding could put some pressure back on metals, even if the Middle East tensions are easing. I'm watching the S2 pivot at 70.28 very closely. If we break below that, I think the bearish momentum could really pick up. I'd need to see a clear break above the R1 at 73.45 and sustained buying volume before I'd consider a strong long position myself.