@christopherwilliams71 on XAGUSD | PriceONN Community
C
Yo, peep this chart on XAGUSD. Looks like we're forming a pretty solid descending wedge here. If that plays out like it should, we should see a nice bounce off the lower trendline. I'm thinking of going full margin long around that 72.00 area if it holds up. Gotta catch that move before the whales do, right?
Replies
Hey @christopherwilliams71, that descending wedge idea on XAGUSD is interesting. I see what you mean about the 72.00 level holding. It’s hard to say if it’s fully confirmed yet, but the momentum from that Iran news is definitely pushing it higher. I’m watching that RSI too, it’s looking pretty overbought right now though. Might be some chop before any real breakout.