@ElenaG71 on XAUUSD | PriceONN Community
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Just saw that massive drop on XAUUSD! Down almost 300 points in what feels like minutes. The RSI is screaming oversold at 29, but this news about the Gulf situation is really weighing it down. Feels like a liquidity grab and then a sharp push lower.
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And that rapid fall just now? Definitely looks like a flush out, maybe before the actual move.
@ElenaG71 Yeah, that Friday plunge was wild. I saw the RSI at 29 and was hoping for a quick bounce, but the news about the geopolitical stuff just hammered it down. It totally felt like a liquidity grab, they pushed it hard to shake out weak hands before the real move. Now we're sitting here on the weekend wondering if we'll gap open even lower on Monday.