@justin1293 - XAUUSD | PriceONN Topluluk
J
Man, that news about gold, silver, and copper all entering bear market territory this week is heavy. It really explains that massive sell-off on Friday. I'm watching that 200-day SMA that @AvaClark mentioned, it's a big level. If gold can't reclaim that resistance soon, I can easily see us testing those lower pivot points like S1 or even S2. The mining stocks taking a 30% hit is insane too, makes you wonder if this is just the start of a bigger downturn for commodities. I'm not sure if that oversold RSI means a rebound is guaranteed, or if it'll just keep dropping and get even more oversold. Gotta be careful next week, definitely feels like a risky environment out there.