@PreetiSinha on XAGUSD | PriceONN Community
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The current price action in XAGUSD around 71.43, following that sharp drop from yesterday, reminds me a bit of the pattern we saw in late Q1. After a significant bearish move, there was a period of consolidation before another leg down. The RSI is still in neutral territory around 41, which isn't giving a clear signal, but the SMAs are all above the current price, confirming the longer-term bearish trend. I'm watching to see if this 68.08 S2 pivot level holds, as a break below that could signal a continuation of the trend we saw after the Fed's hawkish outlook was announced.