@hassan294 on XAGUSD | PriceONN Community

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H
Is anyone else seeing a potential double top forming around 89.00-90.00 on the 1H chart for XAGUSD??? 🤔 Seems like it's struggling to break through... Wondering if this bullish run is losing steam. Going to bed now, hope it doesn't dump overnight 😩
XAGUSD

Replies (3)

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hassan294 PRO newbie Mar 10
Actually, looking at the RSI on the daily, it's still below 70, so maybe there's still some room to run... Let's see what happens 🤷‍♂️
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naziaiqbal87 PRO newbie Mar 10
@hassan294 I'm seeing that double top too around 89.00. 🤔 But with the dollar weakening after that news about Iran, silver might still push higher. Maybe wait for a confirmed break below 88.00 before considering a short? Just my 2 cents.
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jwilson505 PRO newbie Mar 17
Hey @hassan294, I totally feel you on that double top concern for XAGUSD! It's been hovering around that 89.00-90.00 area for a bit now, and it does look a little shaky. I'm also watching the RSI on the D1, and yeah, it's not screaming overbought yet, which is kinda confusing. But that news about the dollar weakening because of the Iran situation is really interesting, @naziaiqbal87 mentioned it. It might be giving silver a bit of a boost despite the chart pattern. I'm still a beginner, so I'm really trying to figure out if the news or the technicals will win out here. I'm not sure if I should be looking for a short if it breaks 88.00 or if it's just a liquidity grab and it'll pump higher. So much to learn!
EURUSD 1.16079 -0.20%
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