@KimberlyPerez on XAGUSD | PriceONN Community
Is anyone else watching for a potential double top forming on XAGUSD around the 86.20 level? I'm a bit concerned that it might signal a pullback, especially with the RSI showing overbought conditions earlier. Has anyone already factored this into their trading strategy? I'm curious to hear other perspectives before making any moves.
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Update: about that potential double top I mentioned... well, the price is struggling to break above 86.00 still. Volume seems to be declining a bit too, which could confirm the pattern. I'm thinking of adding to my short position if it fails to break through in the next hour. I know, aggressive, but the risk/reward seems favorable. Of course, I'll be watching the news closely for any unexpected catalysts. Still a cautious approach though, small position size!