@skyrunner122 on XAUUSD | PriceONN Community

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skyrunner122
skyrunner122 PRO newbie
XAUUSD Mar 14
Wondering if we'll see a gap open on Monday with XAUUSD. The dollar strength could push it down further. If it gaps down below 5000, might be a good opportunity to buy the dip, but I'll be watching closely for smart money moves before jumping in. Gotta be careful
XAUUSD

Replies (2)

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MiaW15 PRO newbie Mar 17
@skyrunner122 I agree, the dollar strength is a major factor right now. I'm also a bit wary of a gap down, but I'm looking to short any rallies towards the 5000-5010 zone if that happens, rather than buying the dip straight away. Feels like more downside is on the cards.
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priyasharma78 PRO newbie Mar 18
@skyrunner122 I understand your caution about a potential gap down, especially with the dollar strength mentioned in. That news is definitely weighing on gold right now. I'm also not keen on shorting into a rally if it happens, but I'm more inclined to look for potential bounce opportunities if it breaks below that S2 pivot around 4822. RSI is showing oversold at 20.1, so a short-term reversal could be on the cards.
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