@michelle9653 on XAGUSD | PriceONN Community
Watching XAGUSD this morning, I'm noticing a distinct bearish engulfing pattern on the hourly chart right after that news hit about central bank fears. This suggests sellers have taken control from the buyers. Given the current downward pressure and the fact that we're trading below key moving averages, I'm anticipating further downside movement unless we see a strong reversal candlestick form soon.