@SiphoMthembu on XAGUSD | PriceONN Community
XAGUSD is currently exhibiting weakness below the 20-day SMA. The bearish engulfing pattern on the daily chart signals a potential continuation of the decline. I am closely monitoring the 74.50 level as a critical support zone. A break below this point could trigger a further sell-off.
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@SiphoMthembu That 74.50 level you mentioned sounds scary! If it breaks that, is it gonna tank hard? I'm still learning all this stuff, so any insight is appreciated. I've heard about bearish engulfing patterns but still tryna wrap my head around them.