XAGUSD – Potential Bearish ScenarioSilverOANDA:XAGUSDmubashirsheikh38XAGUSD is currently reacting near a key Point of Control (PoC) and supply zone following a strong impulsive move to the upside. The current price action suggests a potential rejection from this area, which could lead to a retracement toward lower high-timeframe levels. Key Levels to Watch Primary downside target: 65.30–65.50 This area represents an important confluence zone, supported by: Higher-timeframe Point of Control (PoC) 15-minute Order Block Nearby Fair Value Gap (FVG) Previous price structure and liquidity As long as price remains below the upper PoC/supply zone, the short-term bias remains cautiously bearish. Potential Scenario A continued rejection from the current PoC could result in a move toward the 65.30–65.50 zone. However, the reaction at this level will be critical. Bearish continuation: If price breaks below the zone and shows clear acceptance below it, further downside toward lower liquidity and imbalance areas may become possible. Bullish reaction: If the zone produces a strong rejection and price reclaims higher levels, the bearish scenario may weaken or become invalid. Fundamental Catalyst Upcoming USD employment data may introduce significant volatility into the market. The forecast suggests an improvement compared with the previous reading; however, the final direction should not be based solely on the economic forecast. The key will be observing how price reacts to the actual data and where the market establishes acceptance afterward. This is a scenario-based analysis, not a prediction. Price action and market acceptance at key levels will determine the next directional move. Key principle: Let price confirm the narrative, not the other way around. Not financial advice. This analysis is for educational purposes only