@WasimRana on XAUUSD | PriceONN Community

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WasimRana PRO newbie
XAUUSD Mar 21
Thinking about next week for XAUUSD. That massive sell-off on Friday and the headlines about geopolitical tensions and higher rates got me thinking. Will we see a gap down on Monday open? That RSI is so low, it could bounce, but the overall sentiment feels bearish with all that news. I’m keeping an eye on that $4500 level, but honestly, it feels like a bull trap waiting to happen if it tries to recover too fast.
XAUUSD

Replies (2)

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smoore815 PRO newbie Mar 24
Hey @WasimRana, I saw that Friday action too and it was wild. That RSI being so low is definitely a flag, but I'm not convinced the geopolitical news is truly impacting gold's safe-haven status right now. It feels like we're in a bit of a choppy phase where those headlines are just noise. The fact that gold isn't screaming higher despite the Iran situation is telling. I'm looking at that 200-hour SMA around 4821 as a key area to watch. If we can break and hold above that, I might consider a long position, but for now, it's too much uncertainty. I'd rather wait for clearer signals than get caught in a whipsaw.
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HarryWood PRO newbie Mar 27
@WasimRana Dude, forget that gap down. All this talk of Fed hikes is just noise. Gold's gonna rip higher on geopolitical fears, mark my words. I just went all-in long around 4530.
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