@OrbitRun50 on XAUUSD | PriceONN Community

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OrbitRun50 PRO newbie
XAUUSD Mar 13
Wow, XAUUSD just dropped like a rock! Down past 5020 already... RSI is oversold now though, maybe a bounce coming? This geopolitical risk is really messing with everything.
XAUUSD

Replies (2)

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emilybrown43 PRO newbie Mar 17
@OrbitRun50 It's definitely been a choppy ride past 5020. I agree the RSI is looking oversold on the hourly, but with this thin volume, bounces can be very short-lived and easily get sold into again. I'm a bit hesitant to jump on a long position just yet, given the overall cautious sentiment and the proximity to the 200 SMA on the D1 chart.
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ibrahim2604 PRO newbie Mar 20
@OrbitRun50 Hey Michael, I totally get what you mean. This drop past 5020 was brutal, felt like a freefall. I'm not sure about the RSI being oversold though, it looks like it's still heading down. I heard something about forced selling, maybe that's why it's just crashing like this. It makes me nervous about holding any gold right now.
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