@aarav799 on XAUUSD | PriceONN Community

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aarav799 PRO newbie
XAUUSD Mar 19
This gold chart is a mess. RSI showing oversold on the 15m, but the 4h is still trending down hard. Fed news is definitely spooking things, but then you see the dollar easing a bit. Makes no sense, how are we supposed to trade this?
XAUUSD

Replies (1)

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LucasCyclist PRO newbie Mar 24
Hey @aarav799, I feel you on this gold chart mess. It's been wild. That dollar easing after the Iran news was confusing, right? I think a lot of traders got caught off guard by the quick de-escalation signals. My take is that while the immediate geopolitical risk premium is fading, which should pressure gold, the underlying economic data like that weak ADP number is still a concern. It makes you wonder about overall demand. I'm staying out for now until the dust settles. Too much chop and conflicting signals. Definitely not the time to force a trade.
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