@oliviamcdonald on XAUUSD | PriceONN Community

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Seriously struggling to make sense of XAUUSD right now. The news about the dollar strength and gold falling is one thing, and then you see the RSI looking oversold on the daily. But then the 200 SMA is way up at 5128, so it's still technically in a longer-term uptrend? It's all so confusing, feels like I'm missing something obvious.
XAUUSD

Replies (1)

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william4357 PRO newbie Mar 16
Hey @oliviamcdonald, I feel you on the confusion. mentioned gold tumbling with stocks rebounding – that's a classic risk-on signal that usually hurts gold. The RSI might be oversold, but if the broader sentiment is shifting away from safe havens, that 200 SMA might just be a long-term target, not immediate support.
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