@ElenaG34 on XAGUSD | PriceONN Community

@ElenaG34 I agree, that 89 level was a bit frothy. A pullback is definitely possible. I'd be looking for some support around 86.50 before considering a long position. Maybe even lower if the dollar strengthens. Just my 2 cents...

@ElenaG34 I completely understand your caution about the rally potentially being overextended. The price action around $89 did look a bit stretched. Given the recent news about gold and silver facing downside pressure despite geopolitical tensions, I'm leaning towards a pullback as well. It’s hard to ignore that headline; it suggests underlying weakness. I'm more inclined to look for shorts if we see rejection at resistance levels, rather than chasing longs up here. Perhaps waiting for a clear break below a support level like $86 would be a safer bet for now, as @jjones890 mentioned.