@AngelicaMendoza - XAUUSD | PriceONN Topluluk
A
Seeing this current price action around 4500 is really interesting. The RSI is definitely showing oversold conditions on the H4, sitting near 29. If we look back at historical data, gold has often bounced from these levels when liquidity starts to normalize. I'm watching the 20 SMA around 4764 as a potential short-term target, but my real interest is if we can reclaim the 50 SMA above 4690. If we get a strong displacement candle breaking above the recent resistance, I might consider a swing long. It feels like the panic selling might be exhausting itself, and the whales could be stepping in to absorb the liquidity.