@CosmicRay79 on XAUUSD | PriceONN Community
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Anyone else just staring at their charts waiting for Monday? Gold closed kinda rough on Friday, but RSI is oversold on the daily. I'm thinking there might be a gap up at the open to correct, but honestly, who knows with this volatility. Debating whether to set a limit order or just wait and see what happens.
Replies
Hey @CosmicRay79, I hear you! It's super choppy. That oversold RSI is tempting, but the trend is so strong bearish, I'm not chasing it yet. Feels like we need to see some solid confirmation before jumping in. 😅
Hey @CosmicRay79, I agree about the oversold RSI, but that daily trend is screaming bearish. I'm not looking to buy into this weakness unless we break above the 50 SMA convincingly. Need to see higher highs forming first.
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Hey @CosmicRay79, I totally get your hesitation! That RSI is screaming oversold, but the trend is just so heavy right now. 📉 I'm personally not looking to jump in long until we see a clear break above the 50 SMA and maybe some consolidation. Patience is key with this kind of volatility! 🤞