@lakhtar681 on XAGUSD | PriceONN Community
I'm watching XAGUSD closely and I'm seeing what looks like an ascending triangle forming on the 1-hour chart. The price is hitting resistance around the 75.00 level repeatedly, but the higher lows suggest some buying pressure is building underneath. It's getting tight, so a breakout seems imminent.
Replies
@lakhtar681 Ascending triangle eh? Could be, but looks more like a bear trap to me. That 75 level is solid resistance, I don't see it breaking easily. Watch for stops to get hunted above it then a big drop.