@kclark638 on XAUUSD | PriceONN Community
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Man, this whole week was a grind. XAUUSD just kept getting hammered down, broke below that 4500 level like it was nothing. Still, RSI is sitting pretty low now, around 29. I'm thinking we might see some kind of gap open Monday, but honestly, with how things shook out, could be anything. I'm watching that 4400 area as a potential bounce zone, but I'm not putting my house on it. Just gotta wait and see.
Replies
Hey @kclark638, I agree, this week has been brutal for XAUUSD. Breaking 4500 so easily was concerning. While the RSI is low, the S2 pivot at 4395 looks like a key level. If that gives way, we could be heading much lower, especially with those SMA lines still above us. Watching closely myself.
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@kclark638 Yeah, that 4500 break was nasty. I'm watching that S2 pivot too, @GraceRoberts66. Feels like if we dip below that, the fear could really kick in.