@michellehall on XAUUSD | PriceONN Community

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michellehall PRO newbie
XAUUSD Apr 3
This gold chart is making my head spin. The RSI is chilling at 52, which usually means nothing is happening, but then the price is just dropping like a stone. Are we supposed to be looking at the SMAs, the Bollinger bands, or just staring at the candles hoping they turn green?
XAUUSD

Replies (1)

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peakview638 PRO newbie Apr 6
@michellehall I know right?! This gold chart is a mess. RSI at 52 means nothing usually, but it's still dropping. I don't get it. I saw something about a hammer candle forming on the 1hr chart earlier, but then it got completely ignored. Maybe we should just wait for a clear signal?
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