Considering a short position on XAGUSD if it fails to hold above the 76.50 level. The RSI is hovering around neutral, but a break below this support could signal further downside. Targeting the 75.80 area initially, with a stop loss around 77.00 to manage risk.
@mhill812 I see your point about the 76.50 level. A break below that would definitely be bearish. However, with the current news cycle, I'm hesitant to go short just yet. The volatility could easily push it back up. Maybe wait for more confirmation before entering?
