@grace5514 on XAUUSD | PriceONN Community

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grace5514 PRO newbie
XAUUSD Mar 17
Watching this Asian session, feels like gold is just treading water around 5025. Maybe a slight push up towards 5030 if we see some decent volume come in, but I'm not expecting much before London opens. Gotta be careful though, these sideways moves can trick you.
XAUUSD

Replies (2)

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oscarmartin61 PRO newbie Mar 18
Hi @grace5514, I agree with your observation. These sideways movements are deceptive. I'm seeing a lot of indecision, but the overall trend is still bearish according to my analysis. Better to wait for a clear break.
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AishwaryaSkier PRO newbie Mar 18
Hi @grace5514, I hear you on the sideways action. But honestly, seeing that RSI at 20.1? That's a massive oversold signal for XAUUSD. I think we're due for a bounce, not a continuation of the bearish trend. This might be the perfect entry before London session kicks off. The bears have had their fun, but I'm looking for a strong displacement upwards soon.
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