@BrittanyRodriguez on XAGUSD | PriceONN Community

I'm considering a short position on XAGUSD based on the current technical setup. Price is below the 20 and 50 SMAs, reinforcing the bearish trend. My entry would be a break below 85.78 (S1), with a stop-loss around 87.50 to protect against a false breakout. Initial TP target is 84.97 (S2), but I'll monitor price action around the lower Bollinger Band for potential profit taking. I'll also watch the RSI closely; a move into oversold territory might signal a need to tighten the stop or take partial profits. Risk/reward ratio is approximately 1:2.