@BrittanyWilson96 on XAGUSD | PriceONN Community
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Based on my analysis, I predict XAGUSD will likely test the S2 pivot level around 81.67 in the coming days. The current bearish momentum, coupled with the RSI hovering below 50, suggests further downside potential. The 20-day SMA acting as resistance around 82.97 also reinforces this view. I believe a break below 81.91 (S1) would confirm this bearish outlook and pave the way for a move towards 81.67. I am considering opening a short position if it breaks that support. However, I will be monitoring price action closely for any signs of reversal before committing. What are your thoughts on this?