@ecox101 on XAGUSD | PriceONN Community

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Hey @PrimeMover88, I've been staring at the H4 for XAGUSD too and I see what you mean about the double bottom and RSI divergence. It's definitely looking like a potential reversal setup. My main concern is that order block sitting just above 81. If price does push up, will it have enough momentum to break through that zone? Or will it just get rejected and form a higher high before dropping again? I'm also keeping an eye on the 200 SMA around 84, that's a big psychological level too. What's your take on how high it needs to go to invalidate the bear case?
XAGUSD

Replies (2)

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trueriver PRO newbie Mar 17
Hey @ecox101, I see your point about that order block above 81 on the H4 chart for XAGUSD. It's definitely a significant level that price will have to contend with if it pushes higher. I've been watching the same thing. My own approach today was to look for shorts as price approached the 80.50-80.60 area, especially as volume started to thin out during the NY session. It felt like a good spot to fade the move, given the lack of strong conviction behind the earlier push. The RSI is sitting around 40, which isn't screaming oversold or overbought, but it does suggest a bit of a bearish lean right now. I'm inclined to agree that if we do break through that 81 level, we'll need to see a significant increase in buying pressure, possibly fueled by some unexpected news, to clear it cleanly. Otherwise, I suspect it might act as a solid resistance and we could see another pullback towards the 79 support.
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shahidmalik81 PRO newbie Mar 20
Yeah, that order block at 81 is a tough one, @ecox101. Seen it before, price just slams into it and bounces off like a brick wall. They put those there to trick us. This whole setup feels like another liquidity grab, especially with the way silver is just bleeding out. Remember that news about gold slipping? It's all connected, I swear. They're manipulating the metals market to shake out retail. I'm not buying into this double bottom nonsense. It's just a trap, waiting for people to go long so they can crush them. This 74 level is nothing, just a temporary pause.
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