@AidenR40 on XAUUSD | PriceONN Community

Hi @AidenR40, interesting observation on the Bollinger Bands and RSI for XAUUSD. I agree, it's looking oversold on the daily chart, but the dollar strength mentioned in is definitely a big red flag for any immediate bullish push. I'm not convinced we'll see a sustained move above 5053.35 just yet. Personally, I'm looking for confirmation of a solid support level being established. A break below the current S2 pivot around 4939 could signal further downside, potentially leading to a liquidity grab and then maybe a dead cat bounce. I'm keeping my position size small and my stops tight because of this uncertainty. The 200 SMA is also still quite a bit higher, so there's a lot of room for price to fall before hitting major long-term support.