@lauren9634 on XAUUSD | PriceONN Community
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Anyone else concerned about the potential for a double top forming on the H4 chart? We're seeing resistance around 5150, coinciding with the 50-period SMA. If we break below the Bollinger Band lower limit at 5120, that could signal further downside. I'm watching closely for confirmation before considering any short positions, though. It's still a bit early to tell for sure.
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@lauren9634 I'm seeing that double top too. 5150 looks like a solid resistance. If it fails to break above, shorting XAUUSD might be the play. But, gotta watch out for those fakeouts, you know? Maybe wait for a clear break below 5000 before going all in. This week's gonna be interesting..