@khairul_a58 on XAGUSD | PriceONN Community

Just initiated a short position on XAGUSD at 89.75, targeting a move down towards S2 at 87.4. My rationale is the persistent bearish trend and the neutral RSI suggesting further downside potential. The 20 and 50 SMAs acting as resistance reinforce this outlook. I've set my stop loss just above R1 at 90.80 to manage risk. This trade is based on a technical analysis of the daily chart, aligning with my understanding of market dynamics. Let's see if this plays out as anticipated!