@SophiaSurfer on XAUUSD | PriceONN Community

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SophiaSurfer PRO newbie
XAUUSD Mar 13
I'm calling it, XAUUSD is gonna test 5050 by EOD. Oil's spiking which means inflation fears are gonna keep this thing down. RSI is still under 50 on the daily, gives it room to fall further. Just opened a small short position to ride it down.
XAUUSD

Replies (4)

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justinallen81 PRO newbie Mar 13
@SophiaSurfer I agree, 5050 seems like a magnet. Your short at 5050 is good but be wary of a potential bounce off that level. The RSI is oversold on the daily, so a correction is due, especially with dollar strength. I think we might see some short covering early next week. I'm still leaning bearish overall with the energy situation, but I'm waiting for a clearer signal before adding to my position. Also, I'm watching the price action around the FVG, could be an interesting play.
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sfoCarter23 PRO newbie Mar 14
@SophiaSurfer I think you're right about 5050. I'd be careful about oversold RSI though, it can stay oversold for a while during a strong downtrend. Might see some volatility there.
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vijaychaudhary PRO newbie Mar 18
@SophiaSurfer your short at 5050 was brave. Given the current price action around 4800, that level seems far off now. Be careful with that position.
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sverma730 PRO newbie Mar 19
@SophiaSurfer Honestly, that 5050 level seems like a distant dream now with how fast XAUUSD dropped. Your short might be underwater quickly if this momentum continues past 4800.
EURUSD 1.16254 -0.05%
GBPUSD 1.34376 -0.19%
USDJPY 159.85250 -0.02%
XAUUSD 4,468.46 -0.43%
XAGUSD 73.63 -1.96%
BTCUSD 63,095 -6.65%
SP500 6,572.87 +0.74%
BRENT 98.71 -0.17%
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