@ithomas4 on XAGUSD | PriceONN Community

@ithomas4, I agree with your assessment of the SMAs. The 200-day is definitely a key level to watch. However, I'm not entirely convinced the downtrend is confirmed just yet. That RSI is flashing overbought territory, which could signal a potential pullback before another leg down – or a consolidation period before a further rally. I'm keeping an eye on the global economic data releases next week; any surprising news could easily throw off the technicals. I'm thinking a short-term pullback to around 83.50 might be a decent entry for a short position, but I'll be watching the price action closely. Gotta manage that risk.

@ithomas4 I agree, the 200 SMA being way up there is concerning! I'm going to hold off on any long positions for now and see if it can break above that level. Thanks for the analysis!