XAGUSD Here we go again. The big boys are panicking and trying to shake everyone up with a 1.4% spike down. But, the price just climbed straight back up LOL
Price is retracing toward the 61.8% Fibonacci level aligning with a previous swing low support zone. RSI shows bullish divergence on lower timeframes, suggesting potential reversal from oversold conditions. A bullish order block and partially unfilled FVG around 52680–52720 indicate possible demand re-entry.
Price is approaching the 50% Fibonacci retracement area inside a minor demand zone. Hidden bullish RSI divergence signals early accumulation by buyers before continuation. A short-term bullish order block around 53500 offers additional confluence for a bounce setup.
Price is heading toward the 78.6% Fibonacci retracement zone near a key swing high resistance. RSI is forming bearish divergence on higher timeframes, indicating loss of upside momentum. A bearish FVG and supply order block around 58080–58150 strengthen the case for a corrective decline.
Recent intraday highs were swept, creating a liquidity grab that may trigger a short-term reversal. A new bearish order block has formed around 54150–54200 within a local supply zone. Failure to maintain price above this zone could lead to a pullback toward lower liquidity regions.
Disclaimer: This analysis is for educational purposes only; always use proper risk management before entering any trade.