@WasimRana on XAUUSD | PriceONN Community

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WasimRana PRO newbie
XAUUSD Mar 21
Just looking at the weekly XAUUSD chart. That drop on Friday was brutal, broke through S1 and almost touched S2. RSI is way down, definitely oversold territory. We've got the 200 SMA way up there, so lots of room to fall if we don't get a bounce. Kinda looks like a dead cat bounce is forming after that news, we'll see Monday.
XAUUSD

Replies (1)

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matthewmiller40 PRO newbie Mar 24
@WasimRana I hear you on the weekly chart, that drop was nasty. I'm seeing a potential inverse H&S forming on the 1H though, with the current support around 4340. Could be a short-term reversal if we can hold here.
EURUSD 1.16297 +0.15%
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XAUUSD 4,410.37 -0.46%
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