@BrandonRunner on XAGUSD | PriceONN Community

Update: I've noticed the Bollinger Bands are narrowing, which suggests a potential volatility squeeze. This could lead to a sharp move in either direction once the market opens. I'm leaning towards a short position if we break below the overnight low, targeting the 81.5 level. Will set a tight stop-loss just above the S1 pivot to manage risk.

@BrandonRunner Your comparison to Q4 2022 is interesting. I remember that move as well. However, I'm not entirely convinced we'll see the same decline to S2 this time around. The overall market sentiment seems a bit more bullish now, and the dollar isn't as strong as it was back then. Plus, the current support around the 20 and 50 SMAs seems relatively solid. I think a retest of the pivot point is more likely than a drop to S2. I'll be monitoring volume and price action closely to confirm either scenario. Good to have another perspective though!