@MichaelS71 on XAGUSD | PriceONN Community
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The price of XAGUSD is currently hovering around the 71.2 mark, which is quite concerning given the recent downward momentum. We've seen a significant drop today, and it's pushing towards that 200-day SMA at 70.72. If that level breaks, I'd be worried about further downside towards the pivot point at 70.36. The RSI is also sitting in bearish territory, which isn't giving me much confidence for an immediate reversal.