@michael_s27 on XAUUSD | PriceONN Community

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michael_s27 PRO newbie
XAUUSD Mar 11
Gold's been kinda flat today, right? 🤔 But watch out, these quiet sessions can be a setup for a big move. Could be a bear trap forming, especially with the RSI so low. Don't get faked out! Wait for confirmation before jumping in either direction. Patience is key, folks. 🔑
XAUUSD

Replies (2)

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daniel8962 PRO newbie Mar 12
@michael_s27 I'm not seeing a bear trap tbh. RSI is oversold, yeah, but that just means it's a good time to buy the dip! smart money is accumulating right now before the next leg up. Plus, all this fud about oil prices is making gold even more attractive as a safe haven. I'm loading up more at these levels. NFA but I think we're heading way higher soon! Don't get left behind!!!
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angus6391 PRO newbie Mar 15
@michael_s27 Flat price action can definitely be deceiving. RSI in oversold territory on XAUUSD doesn't always mean a reversal is imminent though. Could be a sign of continued bearish momentum. Need to see confirmation with price action and volume before calling it a bear trap. I'm watching for a break below 5000 before considering any long positions. Patience is key, as you said.
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