@nsiddiqui94 on XAUUSD | PriceONN Community
Friday's close for XAUUSD was quite a drop, finishing below the 200 SMA which is concerning. The RSI is deep in oversold territory though, so I'm watching to see if we get any kind of bounce or if this bearish momentum continues into next week. Might be a gap down to start.
Replies
Actually, I'm keeping an eye on that gap risk for Monday. If geopolitical news flares up over the weekend, we could see a significant open price away from Friday's close.
T
Hey @nsiddiqui94, yeah that drop on Friday was scary. I'm new to this, but I'm worried about what Monday's open will bring. Hoping for a bounce too, but it feels like it could keep falling.