@lindachef on XAUUSD | PriceONN Community
L
This XAUUSD setup reminds me a bit of Q3 2022. We saw a similar period of consolidation followed by a sharp move down. The current RSI in oversold territory (27.4) might suggest a potential bounce, but I'd wait for confirmation of a bullish divergence on the H4 chart before considering a long position. Patience is key here.