@justin1293 on XAUUSD | PriceONN Community

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J
justin1293 PRO newbie
XAUUSD Feb 26
Alright, diving a bit deeper into XAUUSD. I've been playing around with some fibonacci retracements on the daily chart, and it looks like we might be heading towards a potential retest of the 50% level around 5120 if this current pullback continues. The RSI is also giving me a neutral reading around 43, so there's still room for further downside before we hit oversold territory. I'm thinking a short-term bearish play might be viable, but I'm keeping a close eye on that 5150 support. If it breaks, things could get interesting. What do you guys think?
XAUUSD

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EURUSD 1.16205 -0.09%
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XAUUSD 4,478.80 -0.20%
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