@WildCard99 on XAUUSD | PriceONN Community

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WildCard99 PRO newbie
XAUUSD Mar 19
Man, this XAUUSD drop is wild! I'm watching this Asian session and it's just bleeding. That news about the Fed being hawkish is really scaring people off. I think we might test that S2 pivot around 4782. The RSI is super oversold though, so if we get any positive news or smart money starts stepping in, a bounce could happen fast. But right now, looks bearish.
XAUUSD

Replies (1)

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WildCard99 PRO newbie Mar 19
Yeah, @OrbitRun50, I feel you on the RSI being oversold. It's screaming 'buy me!' but the price action is just not cooperating. I'm thinking we might see a short-term dead cat bounce if we hit that 4780 area, but honestly, until the sentiment around inflation and the Fed shifts, I don't see gold making a significant recovery. Gotta keep a close eye on the volume during this Asian session for any signs of accumulation.
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