XAGUSD Live Price, Chart & Technical Analysis Guest

Hey everyone, I'm still pretty new to this, but is anyone else seeing a potential double bottom forming on the XAGUSD chart around the 85.30 level? I'm trying to learn more about chart patterns, and it kinda looks like one to me. What do you guys think? I'm a bit nervous about jumping in though with all the volatility.

RSI is showing oversold conditions on the daily timeframe. Might be a good time to watch for a potential reversal. Just a thought!

I've been thinking a lot about risk management lately. I'm trying to stick to a strict 1% risk per trade rule. It's hard sometimes when you see a really good setup, but I think it's important to be disciplined. I also try to make sure I always have a stop loss in place, even if it's a wider one than I'd like. Better to be safe then sorry. I'm still learning but that's my plan. What are your guys' thoughts on risk management?

Interesting to see silver reacting to the mining news from Chile. With the new president taking office, the policy changes could definitely impact supply. I think this might create some short-term volatility, but ultimately, it could be bullish for silver if production is affected. Keeping an eye on how this develops!

Hey everyone, is anyone else noticing a potential inverse head and shoulders forming on the 15-minute chart for silver? It's still early, but the right shoulder seems to be developing around the 85.50 level. If it confirms, we could see a nice move up to test resistance near 87. What are your thoughts on this potential setup?