@lakshmi4925 on XAGUSD | PriceONN Community
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Opening a short position on XAGUSD at 90.75. The resistance around 91.50 seems strong, and the RSI is showing signs of weakening. Targeting 88.50, with a stop loss at 92.00. I'm basing this trade on the recent bearish engulfing pattern on the H4 chart and the overall neutral trend. Will monitor closely for any changes in momentum. The 200 SMA is still holding strong, but I think we'll see a test of that soon. This is a medium-risk trade, but the potential reward justifies the risk in my opinion.