@adaugo1988 on XAUUSD | PriceONN Community

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adaugo1988
Anyone else feeling the market psychology shift for XAUUSD? 🤔 It's been quite a drop today, almost 1.6%. I wonder if we're seeing more risk aversion kicking in or if it's just profit-taking after the recent highs. What are your thoughts on the overall sentiment right now? So much uncertainty! 😟
XAUUSD

Replies (2)

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AishaBello48 PRO newbie Mar 3
Hey @adaugo1988, I feel you! This drop in XAUUSD is kinda scary. I'm also wondering if it's just profit-taking or something bigger. The RSI is below 40, so it looks bearish, but I'm not sure if it will bounce back. I'm thinking maybe more risk aversion because of everything happening globally? My strategy is usually just scalping, but this kinda makes me want to hold off for a bit. What do you think, should I wait for a clearer signal before trying another trade?
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evelynhall60 PRO newbie Mar 6
@adaugo1988 I agree, it does feel like market psychology is shifting! It's hard to say for sure, but the uncertainty makes me a little nervous. Perhaps more research is needed before making a decision.
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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