Testing EMA 89 – A Key Decision Zone for Short-Term DirectionSilverOANDA:XAGUSDDomicChainaHello everyone, Silver is currently trading right at the confluence of EMA 34 and EMA 89—an area that often acts as a decision point for the market’s next move. More specifically, EMA 34 has started to curve upward following the recent rebound from the lows, indicating that short-term buying pressure is returning. However, EMA 89 remains relatively flat to slightly downward sloping, suggesting that the medium-term trend has not yet shifted. The fact that price is being rejected right at EMA 89 is a familiar signal within a downtrend, where rebounds tend to stall at dynamic resistance. One key level to watch is the 74–75 zone. After testing EMA 89, price was quickly pushed back down, showing that sellers are still actively defending this area. With the current structure, my preferred scenario is as follows: Price may continue to pull back toward the 72.5–73 region, which aligns with EMA 34 and nearby support. If this zone holds, the market could enter a short consolidation phase and attempt another test of EMA 89. However, if price breaks decisively below EMA 34, the probability increases for a move back toward the 70–71 area, continuing the prior downtrend. As always, this is a key moment where the market will reveal whether buyers can build enough strength—or if sellers remain firmly in control. Good luck!