@MichaelSmith50 on XAGUSD | PriceONN Community

I'm watching a potential descending wedge forming on the 1-hour chart for XAGUSD. Price has been making lower highs and lower lows, but the lows are getting shallower. It feels like we're building pressure for a breakout. The last time we saw something like this, it led to a decent move up after liquidity was grabbed around 79.20. If we can clear that 80.30 resistance zone, especially with this inflation talk, I reckon we could see a run towards 81.50 pretty quickly. Gotta keep an eye on that FVG between 80.80 and 81.20 too, that's a key target if the bulls take over.