@amanda1795 on XAGUSD | PriceONN Community

Hi @amanda1795, I saw your short entry on XAGUSD. Your TP at 83.30 seems reasonable given the current bearish momentum. I'm also watching this pair closely. The RSI is indeed below 50, and we've broken through the S1 pivot around 69.23, which is concerning for the bulls. However, I'd be cautious about holding this overnight given the volatility we've seen. The 200-day SMA is way up at 82.32, so there's a long way to go if this trend continues, but there's also potential for a sharp bounce from these lower levels. Remember to manage your risk tightly, especially with the economic data coming up. Personally, I'm waiting to see if we can hold above the 68.45 S2 level before considering any long positions.