@GoldenEagle85 on XAGUSD | PriceONN Community
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XAGUSD hitting resistance around 78.00. Anyone else seeing a potential double top forming on the H4 chart? RSI is overbought, but the trend is still bullish. What are your thoughts on a possible short-term pullback before another leg up?
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Update: MACD histogram showing divergence as well. Could signal weakening momentum. Still watching for confirmation before entering a short position. SL above 78.50 imo.
Hi @GoldenEagle85, I'm also seeing some resistance forming. A double top on the H4 chart is definitely a possibility. Given the RSI, a short-term pullback seems likely before any further upward movement. I'm going to wait for confirmation before making any moves.