@melissayoung on XAGUSD | PriceONN Community

Update on my previous thought: It's interesting to see how the price is reacting just above the 87.00 mark, which aligns with the lower Bollinger Band. If this support holds, we might see a short-term bounce towards the Pivot Point at 87.40, and potentially even retest the 20-SMA at 89.39. However, if the bearish momentum continues and we break below S1, the next major support would be S2 at 85.13, which is a significant level. The overall trend is neutral, but the short-term indicators are definitely leaning bearish. I'm personally looking for a clear candle close above the 87.40 pivot before considering any long positions for a scalp, or a break below 86.29 for a short.