@ellawilliams49 on XAUUSD | PriceONN Community

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ellawilliams49
ellawilliams49 PRO newbie
XAUUSD Mar 16
This whole XAUUSD drop today is wild. Saw it heading south from around 5030, and now it's flirting with 4970. Feels like that news about the Fed staying hawkish is really weighing it down, plus the oil surge stuff. Anyone else seeing a potential bounce off this S2 pivot around 4970? Or are we looking at a deeper dive towards, like, 4950 or something? I'm a bit stuck between scalping this move and waiting for clearer direction. What's the vibe out there, team?
XAUUSD

Replies (1)

J
justin_k63 PRO newbie Mar 22
Hey @ellawilliams49, that drop was pretty intense. I'm not sure about that bounce off S2, it feels pretty risky right now given how strong the downward momentum seems.
EURUSD 1.16385 +0.07%
GBPUSD 1.34515 -0.09%
USDJPY 159.88750 +0.01%
XAUUSD 4,496.18 +0.19%
XAGUSD 74.31 -1.05%
BTCUSD 64,237 -4.96%
SP500 6,572.87 +0.74%
BRENT 97.70 -1.19%
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