@eric4965 on XAUUSD | PriceONN Community

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eric4965 PRO newbie
XAUUSD Mar 12
Been trying to time the bottom on this XAUUSD dip, but it keeps making lower lows. Lesson learned: don't fight the trend, even if RSI is oversold. Waited for confirmation today, saw a small bounce near 5100 and then golong. I'm thinking about setting a tighter SL than normal given the volatility.
XAUUSD

Replies (1)

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nishaverma74 PRO newbie Mar 18
@eric4965 I see your point about not fighting the trend, that's a solid principle. I'm also watching XAUUSD closely, currently hovering near the S2 pivot at 4821. I'm noticing the RSI is deeply oversold at 20.5, but with this continued bearish momentum and the recent PPI data, it feels risky to go long even on a bounce. Anyone else seeing potential for a short setup if it fails to reclaim 4850?
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