@zenithx54 on XAGUSD | PriceONN Community

Further to my previous posts, I think it's important to consider the broader context. While the technicals suggest a short-term bearish move, the long-term fundamentals for silver remain relatively strong due to its industrial applications and safe-haven appeal. Therefore, I'm approaching this potential short as a tactical play, not a strategic shift. I'll be monitoring news releases and economic data closely for any signs of a reversal. If we see a strong bounce off the S2 pivot, I'll likely close the short and re-evaluate. Remember to manage your risk and avoid over-leveraging in volatile markets like this.

Update: Price action confirms the bearish momentum. We've broken below S1 and are testing S2 at 81.21. I'm watching for a potential short entry around 81.70, targeting 80.50. SL would be placed just above the S1 pivot, around 82.00 for risk management.