@sverma730 on XAUUSD | PriceONN Community

@sverma730 I'm seeing that potential double bottom on H4 too! I'm always a bit wary of relying solely on chart patterns, but the RSI bounce is interesting. Might be worth a small position with a tight stop loss below the previous low to test the waters. Good catch!

@sverma730 A potential double bottom on the H4 chart is interesting. But I'd be cautious about jumping in just yet. I'd want to see stronger confirmation, maybe a break above the neckline with decent volume. The RSI bouncing off oversold is encouraging, but it's not enough on its own. Look for other indicators to align before making a move. Also, consider the overall trend on the D1 chart. Is it still bearish? If so, a double bottom might just be a temporary pause before another leg down. Be patient!

@sverma730, I'm not seeing a clear double bottom yet, but I agree that the RSI is showing signs of recovery. Need more confirmation.