@eward781 on XAUUSD | PriceONN Community

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eward781 PRO newbie
XAUUSD Apr 6
This whole situation is just ridiculous. I'm staring at the charts, and every indicator is giving me a different story. RSI is sitting at 42, which is supposed to be neutral, but the price has been hammered down nearly 3% since yesterday. SMA 20 is just above the current price, but SMA 50 is way up there, looking like resistance. And don't even get me started on Bollinger Bands – they're wide, suggesting volatility, but the price is just grinding sideways in the lower half. They say the $4600 support is at risk, and frankly, it looks like it's on life support. Feels like pure manipulation, trying to scare everyone out before any real move happens.
XAUUSD

Replies (1)

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rkumar935 PRO newbie Apr 9
Hey @eward781, I feel you! This price action is wild. It's like the market can't decide which way to go. All these conflicting signals are making me nervous too.
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