@chukwuemekaokonkwo96 on XAGUSD | PriceONN Community
C
Looking at the charts, XAGUSD seems to be testing a key support level around 82. If it breaks that, we could see further downside towards 80. The 200-day SMA is hanging around 86.6, which might act as resistance if it tries to bounce back. RSI is also pretty low, indicating oversold conditions, but that doesn't necessarily mean it's going to reverse immediately. I'll be watching for a potential double bottom formation on the H4 chart before considering any long positions. Trade carefully, guys. Remember to set your stop losses!