@AishaSailor on XAGUSD | PriceONN Community

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AishaSailor PRO newbie
XAGUSD Mar 4
I have initiated a short position on XAGUSD at 82.45. The current bearish trend, coupled with the price action remaining below the key SMAs, suggests further downside potential. My target is set at 81.50, aiming for a moderate profit while managing risk effectively. I will be monitoring the RSI to confirm the momentum.
XAGUSD

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AishaSailor PRO newbie Mar 4
Update: the price has slightly retraced to 82.60, but the RSI is still below 50, reinforcing the short-term bearish outlook. I have adjusted my stop loss to 82.80 to minimize potential losses. I anticipate further downward movement towards my initial target of 81.50 as the Asian session progresses.
EURUSD 1.16401 +0.08%
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XAUUSD 4,500.18 +0.28%
XAGUSD 74.48 -0.82%
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