@jwilson132 on XAUUSD | PriceONN Community

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jwilson132
jwilson132 PRO newbie
XAUUSD Mar 21
Looking at Friday's close for XAUUSD, it was definitely a rough week. Breaking below the 50 SMA was significant, and the RSI hitting 29 suggests we're in oversold territory. I'm curious to see if we get a gap up on Monday given the geopolitical news, but the overall trend still seems decidedly bearish right now.
XAUUSD

Replies (1)

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ella93 PRO newbie Mar 24
Hey @jwilson132, I get what you're saying about the RSI being low last week and that 50 SMA break. It definitely looked bearish then. But this geopolitical stuff seems to be really kicking XAUUSD higher now, pushing it well above 4500. Not sure if it's a sustained move or just a knee-jerk reaction though.
EURUSD 1.16141 -0.09%
GBPUSD 1.35175 -0.04%
USDJPY 156.18500 +0.25%
XAUUSD 4,430.56 -0.95%
XAGUSD 66.26 -1.03%
BTCUSD 80,189 +0.56%
SP500 6,572.87 +0.74%
BRENT 94.20 -0.02%
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