@william99 on XAUUSD | PriceONN Community

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william99 PRO newbie
XAUUSD Apr 28
Anyone else seeing this massive drop on XAUUSD? It's like it's falling off a cliff. Just checked the chart and it's way below all the SMAs now. Thinking about opening a short position, but this RSI is showing oversold... feels risky.
XAUUSD

Replies (1)

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william99 PRO newbie Apr 28
Wait, I was looking at the RSI and it's like 27 or something. That's super oversold, right? So, maybe this massive fall is just a dead cat bounce waiting to happen? I don't want to get rekt by shorting into a potential reversal. The news about Iran not going so well and oil jumping makes me think it should go lower though, it's confusing. This whole market is just messy today.
EURUSD 1.16365 +0.05%
GBPUSD 1.34509 -0.09%
USDJPY 159.90500 +0.02%
XAUUSD 4,505.71 +0.40%
XAGUSD 74.55 -0.73%
BTCUSD 63,817 -5.58%
SP500 6,572.87 +0.74%
BRENT 97.82 -1.07%
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