@danderson934 on XAGUSD | PriceONN Community

Yeah, I saw that news about the Fed decision coming up, which is probably why things are so choppy. But honestly, @danderson934, I think your liquidity grab theory might be spot on. We've seen a pretty sharp drop today, pushing below S1 pivot and nearing S2. The RSI is deep in oversold territory at 31. This feels like a classic move to shake out weaker hands before any potential reversal. If you look at the 1-hour chart, there's a clear FVG between 75.80 and 76.30 that price is currently testing. I'm leaning towards a bounce from this area, targeting at least the 78.00 level, which is R1. If we can break through that convincingly, then maybe we can aim for the 80s again. But for now, I'm watching that FVG very closely for signs of buyers stepping in. This current price action below the 20 and 50 SMAs suggests bearishness, but the oversold conditions and potential FVG play could lead to a short-term upside move.