@TimothyThompson on XAGUSD | PriceONN Community

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TimothyThompson PRO newbie
XAGUSD Mar 5
Alright, here's my take on XAGUSD. I'm anticipating further downside. We've seen a pretty solid bearish move today, and with the price now below both the 20 and 50 SMAs, the bears seem to be in control. I'm looking for a potential test of the S1 pivot around 83.17, and if that breaks, then S2 at 82.89 could be next.
XAGUSD

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TimothyThompson PRO newbie Mar 5
Update: Watching closely to see if we get a bounce off that S1 pivot. If it holds, might be a decent short-term buying opportunity, but I'm still leaning bearish overall. Will keep my eyes on RSI too.
EURUSD 1.14436 -0.13%
GBPUSD 1.34773 -0.45%
USDJPY 162.42862 +0.16%
XAUUSD 4,001.21 -1.46%
XAGUSD 56.16 -2.73%
BTCUSD 64,630 -0.53%
SP500 6,572.87 +0.74%
BRENT 83.79 -0.83%
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