@RedTrail13 on XAGUSD | PriceONN Community
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Is anyone else seeing a potential descending triangle forming on the H4 chart? The support around 81.50 seems to be holding for now, but the lower highs are concerning. If that support breaks, where do you think the next major level of support will be? Maybe around 80.00? What are your thoughts on the 200 SMA acting as resistance if we see a bounce from these oversold levels? Trying to gauge the overall sentiment before making a move.