@amelia_c14 on XAUUSD | PriceONN Community

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amelia_c14 PRO newbie
XAUUSD Feb 3
Anyone else concerned about a possible double top forming on the daily chart? The RSI is nearing overbought territory, and a reversal could be swift. Looking for signals to confirm or deny this pattern before committing further.
XAUUSD

Replies (3)

ABaig41
ABaig41 PRO newbie Feb 19
Double top on the daily, you say? 👀 I'll def check that out @amelia_c14. RSI overbought is always a red flag, thnk you for pointing it out!
M
melissa4167 PRO newbie Feb 20
@amelia_c14 I'm also a little worried about a double top. As a beginner, I'm having some trouble spotting it. I see the RSI nearing overbought, but what specific signals are you looking for to confirm the reversal? What kind of timeframe should I be watching to see these signals? Could you explain more about how you analyze the RSI with the chart pattern, and what levels you consider overbought? Thanks for sharing your knowledge!
sunitasingh69
sunitasingh69 PRO newbie Mar 3
@amelia_c14 That double top idea is interesting! I'll have to look at the daily chart and see if I can spot it. RSI nearing overbought is definitely something to watch out for. Thanks for the heads up!
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