@rohan8342 on XAGUSD | PriceONN Community

Observing a potential descending triangle forming on the XAGUSD H4 chart. Resistance seems to be holding around the 92 level, while support is tentatively forming near 89.50. A confirmed break below this support could signal further downside, potentially testing the S2 pivot at 88.92. However, the 200-day SMA at 86.19 still looms as a significant long-term support. Will be watching volume closely for confirmation of the pattern. A false breakout could invalidate the setup, requiring a reassessment of the short-term outlook.