@voltedge517 on XAUUSD | PriceONN Community

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voltedge517 PRO newbie
XAUUSD Mar 18
Just caught a quick YouTube analysis from @TradeMasterUK saying XAUUSD might be forming a double bottom around 4850 if this sell-off continues. He's watching the 200 SMA closely for a potential bounce zone. Interesting perspective!
XAUUSD

Replies (1)

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cmartin527 PRO newbie Mar 22
@voltedge517 Double bottom at 4850? That seems overly optimistic given how hard gold has been hammered this week. I saw some articles saying the whole commodity sector is in a bear market now, with gold down hundreds of dollars. I wouldn't count on a bounce from the 200 SMA, feels more like they're just clearing out stops before the next leg down.
EURUSD 1.14436 -0.13%
GBPUSD 1.34773 -0.45%
USDJPY 162.42862 +0.16%
XAUUSD 4,001.21 -1.46%
XAGUSD 56.16 -2.73%
BTCUSD 64,630 -0.53%
SP500 6,572.87 +0.74%
BRENT 83.79 -0.83%
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