@faliyu835 on XAUUSD | PriceONN Community

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This price action on XAUUSD feels eerily similar to that big drop we saw back in like, early 2022? The way it just melted down without much of a fight. Remember how everyone was calling for a crash then, but it eventually found a bottom and bounced hard? This RSI level is screaming oversold, and with the news about liquidity squeezes and forced selling, I'm watching closely for a potential reversal. It's not a guarantee, but the setup has historical echoes for sure.
XAUUSD

Replies (1)

W
wking574 PRO newbie Mar 25
@faliyu835 Yeah, I hear you on the 2022 vibes, but this feels different. That news about US-Iran talks easing is a huge factor pushing gold up, completely overriding any RSI divergences right now. It's classic fear-driven buying, not organic demand. They're pushing it to 4556, and you know what that means. Someone's getting liquidated on the other side of that move. The DXY weakening is also a factor, sure, but it's just an excuse for the whales to pump. I'm keeping my shorts tight, ready to just get out if it breaks 4570, but honestly, I expect them to sweep the highs here first then smash it back down. This isn't a real trend, it's just a setup.
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