@sbaker565 on XAUUSD | PriceONN Community

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sbaker565 PRO newbie
XAUUSD Mar 5
Ugh, this XAUUSD chart is giving me a headache today! One minute it looks like it's heading for the moon, the next it's plummeting. I'm trying to apply what I've learned about Fibonacci retracements, but these whipsaws are making it so difficult to get a read. Is anyone else feeling completely disoriented by this?
XAUUSD

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sbaker565 PRO newbie Mar 5
Okay, update: I think I'm seeing a potential bullish divergence on the RSI, even though the price is still dropping. Could be a sign that the selling pressure is starting to ease off. I'm going to wait for confirmation before jumping in, but it's giving me a little bit of hope! I'm looking for a break above the 5100 level as confirmation. If it breaks that, I might consider a small long position. Wish me luck, or tell me I'm crazy!
EURUSD 1.16096 -0.18%
GBPUSD 1.34224 -0.30%
USDJPY 160.03500 +0.10%
XAUUSD 4,476.25 -0.26%
XAGUSD 73.93 -1.55%
BTCUSD 63,501 -6.05%
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