@meera9248 on XAUUSD | PriceONN Community
M
This sideways action is killing me...😴 Is anyone else seeing a potential double bottom forming around the 5140-5150 level? Volume is kinda low tho, so not super convinced. What's everyone's sentiment right now? 🤔 Are we expecting a breakout soon, or more chop? I'm on the fence tbh, feels risky either way. Maybe safer to wait for confirmation...or just go back to sleep lol
Replies
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@meera9248 I agree, the low volume is concerning. I'm seeing the double bottom too, but need more confirmation before going long. Maybe wait for a break above 5160 with decent volume?
@meera9248 I'm seeing the same potential double bottom you mentioned, but honestly, the news about oil prices spooked me. I think any bounce will be short-lived. I'm leaning bearish until we see some serious dollar weakness or a cool-off in oil. might even look for an entry short around 5160 if it gets there