@charlottepainter on XAGUSD | PriceONN Community
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Anyone else spotting a potential double bottom forming on the 1H chart around 79.50-80? RSI is oversold, but still waiting for confirmation. Could be a nice scalp opportunity if it holds and we see a breakout above 81.50. Just curious if anyone else is seeing the same thing or if I'm missing something obvious during my lunch break.
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Played out like I expected btw, nice 😄
Oh, and the UoM Consumer Sentiment data was worse than expected too, which could give silver a little boost short term. Still watching that 81.50 level for confirmation. If it breaks, I'm golong with a tight stop.
Oh, and the UoM Consumer Sentiment data was worse than expected too, which could give silver a little boost short term. Still watching that 81.50 level for confirmation. If it breaks, I'm golong with a tight stop.
Hi @charlottepainter, I see what you mean about the double bottom around 79.50. It does look promising for a scalp! I'm a bit hesitant though, given how reported silver dropped 2% yesterday. Feels a bit risky to jump in before we see a clear break above 81.50. Keep us updated!