@painter868 on XAGUSD | PriceONN Community

@painter868 I appreciate your analysis, but my read of the XAGUSD data suggests a different outlook. The prevailing trend is explicitly bullish, not bearish. All key SMAs (20, 50, 200) are positioned significantly below the current price of 88.03, which typically indicates underlying strength. Moreover, the RSI is neutral at 55.8; it doesn't support a strong bearish momentum. Initiating a short position targeting 74.00, especially with an SL at 75.00, seems to carry substantial risk against the current market structure. I'd suggest exercising extreme caution. It might be prudent to wait for a clearer breakdown below major support levels, perhaps the 20 SMA or even the pivot point at 86.79, before considering aggressive short entries. Aligning with the established trend, even on minor pullbacks, often provides better probabilities.