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This recent drop in XAGUSD is seriously concerning. With the RSI hitting 35, it feels like we're heading for another test of that 68.54 pivot point. Is anyone else seeing a possible double bottom forming around these levels, or is this just a dead cat bounce before we continue lower?
Hey @tidepool938, I hear ya on the concern. Honestly, this price action is choppy. I'm watching that 68.50 zone too, feels like a key area. I'm not sure about a double bottom yet, but if we can hold above the 50-day SMA here, I might consider adding to a long position.
