@jackkelly50 on XAGUSD | PriceONN Community
The current price action in XAGUSD is exhibiting significant bearish momentum, driven by the prevailing macroeconomic sentiment and the RSI approaching oversold levels. Given the proximity to the S2 pivot at 74.9 and the recent downward pressure, I anticipate a potential retest of this level before any substantial recovery. The 200-day SMA also remains a formidable resistance barrier overhead.