@samina1989 on XAGUSD | PriceONN Community

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samina1989 PRO newbie
XAGUSD Mar 10
Is anyone else watching that potential double top forming around 89.20-89.30? 🤔 Seems like silver is struggling to break through. I'm thinking a short position might be a good idea if it holds... but I'm also wary of the news about the dollar weakening. What are your thoughts on the overall risk?
XAGUSD

Replies (2)

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samina1989 PRO newbie Mar 10
Actually,, I'm also looking at the bollinger bands... we're right at the upper band. Could signal a rejection there too. 🤔
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tylermartin47 PRO newbie Mar 12
Hey @samina1989, that double top idea is interesting. I'm seeing the same resistance around 89.20-89.30. Plus, with the RSI hovering near oversold territory on the daily, a pullback seems likely. But yeah, the dollar's weakness is a valid concern. Maybe wait for a clear bearish confirmation candle before jumping in short? Personally, I'm a bit hesitant to golong right now even with the geopolitical stuff gold_david78 mentioned. Feels like smart money is still shorting the rallies.
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