@alexandergreen13 on XAGUSD | PriceONN Community
Is anyone else noticing a potential double bottom forming around the 86.2 level on XAGUSD? Volume seems to be picking up slightly on each dip, which could be a good sign. I'm still a bit hesitant given the overall downtrend, but it's definitely something to keep an eye on. Could be a good entry point for a long position if it confirms. NFA of course.
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Hey @alexandergreen13, I see what you're seeing with the potential double bottom, but I'm a little skeptical. The overall trend is still very much down, and that consumer sentiment number wasn't great. I'd want to see a much stronger confirmation before considering a long position. Maybe wait for a break above the 82.2 resistance area with increasing volume? Just my two cents, always good to get other perspectives tho. Could be a fakeout, so be careful!