@sakintola221 on XAUUSD | PriceONN Community
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This XAUUSD drop is crazy, my guy. Saw it fall hard yesterday and today it's just sideways. Anyone else think we're just consolidating before another leg down? Feels heavy, man. What's the sentiment out there?
Replies
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Hey @sakintola221, I hear you on the XAUUSD drop. It's been brutal. Personally, I'm looking at that S2 pivot around 4521. If we break through 4552, that could be the next target. The RSI is definitely showing oversold conditions, but that doesn't mean it can't go lower, right? Classic consolidation before the next big move.
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Hey @sakintola221, I totally feel you on that heavy feeling. It's been a wild ride down this week. I'm also watching the charts and it just feels like it wants to go lower. That news about mining stocks getting hammered must be affecting gold too. I'm just hoping it doesn't open too far below Friday's close.
Hey @sakintola221, that heavy feeling is spot on. This XAUUSD looks like it's just holding its breath. Breaking 4552? @chinwe1998, I doubt it. They'll probably just nudge it up to snag some stops and then dump it again. These news flashes about tensions are just noise to mask what the algos are really doing. Saw the RSI is neutral, which means nothing when the market is this rigged. Just sideways action designed to confuse everyone. I'm watching 4470 too, but it feels like a trap, just waiting for the rug pull. Don't trust any of it.