@meganhall on XAUUSD | PriceONN Community

@meganhall I see your point about the RSI, but I'm not so sure about a retracement next week. That $2300 level was a big psychological barrier and now we've broken it. Plus, with the dollar strengthening again after that inflation data, gold might have more room to fall. I'm watching that 200 SMA on the D1 chart closely.

@meganhall I hear you on the RSI looking oversold, but honestly, I'm a bit worried about calling a rebound right now. Remember that big drop yesterday? It felt pretty brutal, and I saw some news about the dollar really strengthening up. That usually isn't great for gold, you know? I'm watching this 4400 level super closely. If it breaks decisively, I might just have to cut my losses before it gets worse. It's hard to sleep when you're staring at red numbers and thinking about what might happen overnight with the Asian session. Did you see how much it tumbled just yesterday? It feels like it could easily fall further if the dollar keeps pushing.

@meganhall I don't think it's oversold anymore after Friday's close. That news about oil prices is really pushing gold up, I think we might see more gains.