@BrittanyRodriguez - XAUUSD | PriceONN Topluluk
B
Looking at the XAUUSD weekly chart over the weekend here. The close on Friday was pretty rough, below the 200 SMA, which is concerning. The RSI is deep in oversold territory now, around 29.5. This suggests a potential bounce, but the trend is clearly bearish with multiple lower highs and lows forming on the daily. I'll be watching for a gap down on Monday and how price reacts to the 4400-4500 area.