@lucky_m35 on XAUUSD | PriceONN Community
What are everyone's expectations for XAUUSD next week? With the dollar strengthening as reported, I anticipate continued downward pressure, potentially testing the 5000 psychological level. However, the oversold RSI could trigger a bounce, especially if we see any weakening in the dollar. I'll be watching the DXY closely for clues. What are your thoughts?
Replies
@lucky_m35 I respect your caution on XAUUSD, but I'm seeing that RSI at 24 as a screaming buy signal. The US PPI data caused a massive overreaction, in my opinion. We're due for a significant bounce.