(120m) Technical dbl top | inv. H&S
Updated
XAGUSD- In the last 16 trading sessions, silver has not been able to recover above the support formed at 23.02 in November.
Currently forming a technical double top on a 120m time frame that will only be confirmed after a violation below the most recent support.
Once and IF confirmed, the drop in silver could help form a "right shoulder" to a higher degree inverted head and shoulders that could push silver to 24.55 again.
https://www.tradingview.com/chart/EURUSD/TRN8FkXp-Double-Top-definition-2618-trade-setup/
https://www.tradingview.com/chart/EURUSD/IZLJ3dS1-Head-Shoulders-Educational/
Note
Gold is also forming the eventual the same technical double topNote
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