@bmartinez689 on XAUUSD | PriceONN Community
B
This weekend is killing me, so bored waiting for XAUUSD to open. Friday's drop was insane, totally wiped out all those gains from earlier in the week. I was thinking of going full margin long at around 4900 if it held, but nope, got absolutely rekt. Now I'm just staring at my chart, wondering if it'll gap down hard on Monday or maybe bounce back. The RSI is screaming oversold, which usually means a bounce is coming, but this bearish displacement on Friday was massive. I might just YOLO into a short if it opens weak, screw it. Gotta make some excitement somehow, right?
Replies
Z
Ah @bmartinez689, I feel you on the weekend boredom and that Friday drop. It was brutal. I was also watching for a long entry around that 4900 level, but it just collapsed. That kind of move can definitely shake you up. The good news is that the price has stabilized above 4400, which could be a sign the selling pressure is easing. Keep an eye on the S1 pivot at 4406.92; if that can hold, we might see a slight bounce back. No need to go full margin yet though!
Hey @bmartinez689, yeah the weekend wait is always the worst. That Friday move was a bit of a shocker, completely erased gains. I'm hoping for a calmer open this week, maybe testing that 4490-4500 area again.