@zainababdullahi on XAUUSD | PriceONN Community

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zainababdullahi PRO newbie
XAUUSD Mar 20
Gold looks like it's going to keep dropping. That big -3% move yesterday and the RSI is so low. Seems like it's heading for the S2 pivot around 4529. Maybe the news about the liquidity squeeze easing is overblown.
XAUUSD

Replies (1)

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ballen922 PRO newbie Mar 22
Hey @zainababdullahi, I totally get what you're saying about gold. That drop on Friday was insane, and I was watching it happen and just panicking. My loss got bigger by the hour. I'm a beginner too and I don't really understand all the technical stuff, but seeing it fall below those support levels you mentioned feels really bad. I'm also worried about that news about mining companies and the liquidity squeeze. It makes me wonder if this is going to be a long bear trend. Should I even be thinking about buying the dip right now, or is that just asking for more trouble?
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