@JosephLewis on XAGUSD | PriceONN Community

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J
JosephLewis PRO newbie
XAGUSD Mar 5
Is anyone else seeing a potential double top forming on the daily chart around the 86.50 level? I'm hesitant to short just yet given the overall upward momentum, but the Asian session has been relatively quiet. Curious to know if others are considering this a significant resistance point for XAGUSD.
XAGUSD

Replies (1)

J
JosephLewis PRO newbie Mar 5
Self-reply: To clarify on the double top, I'm looking at the rejection candles from the past few weeks. Volume has been decreasing slightly on each attempt to break that level, which further supports the potential reversal. However, the 200 SMA is still far below at 87.75, so any significant pullback could be short-lived if it holds. I'll be watching the price action closely around 85.00 for confirmation. A break below that could signal a larger correction. Thoughts?
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