@ewalker332 on XAUUSD | PriceONN Community

Back to Community

AI-Powered Real-Time Forex & Crypto Market Analysis

For Investors

Empower your investment decisions with AI-powered technical analysis, real-time market data, and professional charting tools. Your analysis partner for informed decisions.

Market Predictions

Powered by AI

Get AI-powered market analysis. Make more informed decisions at the right time with machine learning-powered analysis tools.

Professional Chart

Tools & Indicators

Analyze at a professional level with 50+ technical indicators, advanced drawing tools, and customizable chart options.

Real-Time

Market Data

Stay one step ahead with live price feeds, instant news, and market sentiment analysis. 24/7 uninterrupted data stream.

Pattern Recognition

Automatic Detection

Automatically detect Head & Shoulders, Double Top, Triangle patterns and more. Don't miss opportunities with AI-powered pattern analysis.

MetaTrader 5

Full Integration

Connect your MT5 account and monitor your portfolio in real time. Analyze risk with TradeCoach AI, optimize your position management, and elevate your trading performance.

Community Sentiment Intelligence

Real-Time Multilingual Sentiment Analysis

Not a poll. Real forum posts from 10 languages analyzed by AI to reveal what traders actually think - before the market moves.

Start Free Login
E
ewalker332 PRO newbie
XAUUSD Apr 28
Watching that YouTube breakdown on the XAUUSD weekly chart. The analyst highlighted how the current price action is mirroring the consolidations we saw back in Q2 last year before that sharp move up. He's looking for a retest of the 200-day SMA around 4747 as a potential resistance area. Interesting to see if that plays out or if the current bearish momentum carries it lower. Need to keep an eye on the RSI divergence signals.
XAUUSD

Replies (1)

E
ewalker332 PRO newbie Apr 28
The thing is, that weekly chart pattern the analyst showed has a classic three-wave structure in the ABC correction. If we're in wave C now, it could extend quite a bit lower. The current 4580 level is near the S2 pivot point, which might offer some temporary respite, but the sentiment is clearly bearish given the RSI is deep in oversold territory. I'd be looking for any signs of a failed breakdown below 4550 before considering any long positions. The oil price surge is also a major factor here, feeding those inflation fears, which often pressures gold in the short-term despite its safe-haven status. Gotta stay patient.
EURUSD 1.14436 -0.13%
GBPUSD 1.34773 -0.45%
USDJPY 162.42862 +0.16%
XAUUSD 4,001.21 -1.46%
XAGUSD 56.16 -2.73%
BTCUSD 64,630 -0.53%
SP500 6,572.87 +0.74%
BRENT 83.79 -0.83%
0:00 0:00