@BenjaminWright58 on XAUUSD | PriceONN Community
B
Man, this XAUUSD chart is giving me whiplash. Price is hovering around 5030 but the 200 SMA is way up at 5128, and the 50 SMA is sitting just above current price. RSI is dead neutral at 50. It feels like it could go either way, and I'm just sitting here like a bag holder waiting for a clear signal. Anyone else seeing this mess?
Replies
@BenjaminWright58, the lack of clear direction is indeed frustrating, but the RSI at 43.8 is actually showing a slight bearish lean, not quite neutral. I'm watching the S1 pivot closely.
Z
@BenjaminWright58 Man, I know what you mean. Gold is all over the place, feels like it's just teasing us. But I saw that news about forced selling and liquidity squeeze, that's where I'm getting my edge. When everyone else is panicking and selling, that's my cue to go all-in. You gotta use that chaos. Forget the 200 SMA for a sec, just look at the 4500 level. That's the real action. I just dumped 100x leverage long at 4505. Either we rocket to the moon or I'm eating instant noodles for a month. YOLO!