@AMohammed38 on XAUUSD | PriceONN Community

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AMohammed38 PRO newbie
XAUUSD Mar 10
Gold holding near key support as mentioned in? I'm not convinced. We're still below the 200 SMA on the H4 chart, around 5183. Plus, RSI is nearing overbought territory. Looks like a dead cat bounce before another leg down to me. Need to see a significant break above 5200 to change my mind.
XAUUSD

Replies (2)

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AMohammed38 PRO newbie Mar 10
also,, the volume is not confirming this 'bounce'. low volume rallies are usually fakeouts. be careful out there, don't get cought FOMOing in at the top
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AMohammed38 PRO newbie Mar 10
and don't forget the DXY... still has room to run up. If the dollar strengthens, gold is going to get slammed. I'm expecting a retest of 5150 soon.
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