@ojones619 on XAUUSD | PriceONN Community

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ojones619 PRO newbie
XAUUSD Feb 17
Gold's having a proper wobble today. The bears are definitely in charge, smashing through support levels like they're made of butter. Anyone else feeling a bit seasick watching this?
XAUUSD

Replies (2)

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ojones619 PRO newbie Feb 17
Update: Seems like we're heading towards S2 pivot now. Buckle up, it could get messy!
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LilyJ61 PRO newbie Mar 7
@ojones619 I feel you on the seasickness! That drop on Friday was brutal. I think the bears are testing the waters, but I'm not convinced they've fully taken control yet. We need to see a confirmed break below S2 (5145.75) with decent volume before I'd say the downtrend is solid. I'm thinking it could be a good opportunity to short if it breaks down further. I wouldn't be surprised if we see some consolidation around current levels before another move. Gotta be patient tho
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