@PrimeMover81 on XAUUSD | PriceONN Community

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PrimeMover81 PRO newbie
XAUUSD Apr 13
Watching this Asian session price action on XAUUSD closely. Volume is pretty low as expected, but it's not really confirming the downside move we saw earlier. Actually, RSI is sitting around 28, looking oversold. Might be a bit of a divergence brewing if we get a bounce off the S2 pivot around 4616. 🤔
XAUUSD

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PrimeMover81 PRO newbie Apr 13
And on that note about the RSI at 28... if we actually see a bit of volume pick up on the bid side, say above the 50 SMA around 4747, then that oversold condition could quickly turn into a buying opportunity. Just need to see that initial confirmation, don't want to jump the gun too early. The S2 pivot at 4616 is still a strong contender for support though, so watching that area carefully. 👀
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