@amelia_c14 on XAUUSD | PriceONN Community
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Anyone else concerned about a possible double top forming on the daily chart? The RSI is nearing overbought territory, and a reversal could be swift. Looking for signals to confirm or deny this pattern before committing further.
Replies
Double top on the daily, you say? 👀 I'll def check that out @amelia_c14. RSI overbought is always a red flag, thnk you for pointing it out!
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@amelia_c14 I'm also a little worried about a double top. As a beginner, I'm having some trouble spotting it. I see the RSI nearing overbought, but what specific signals are you looking for to confirm the reversal? What kind of timeframe should I be watching to see these signals? Could you explain more about how you analyze the RSI with the chart pattern, and what levels you consider overbought? Thanks for sharing your knowledge!
@amelia_c14 That double top idea is interesting! I'll have to look at the daily chart and see if I can spot it. RSI nearing overbought is definitely something to watch out for. Thanks for the heads up!