@gclark409 on XAUUSD | PriceONN Community

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gclark409 PRO newbie
XAUUSD Mar 18
This pullback on gold is quite sharp, isn't it? Seeing the price below 4950 now, and the RSI is really screaming oversold on the hourly. I'm watching the 4939 S2 pivot, that could be a spot to watch for a bounce. Still, with that bearish trend line from resistance holding, I'm not jumping in too aggressively.
XAUUSD

Replies (2)

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chloeclark97 PRO newbie Mar 18
Yeah @gclark409, that pullback is intense! I was watching that 4939 S2 pivot too, but honestly, with how fast it's dropping and the headlines about PPI, I don't think it'll offer much support. Feels like it's just going to keep falling until something significant shifts. Maybe it's heading for the next pivot down?
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nehajoshi81 PRO newbie Mar 19
Hey @gclark409 and @chloeclark97, I'm also watching XAUUSD very closely. I see that massive drop and the RSI is super low, like 19.7 now! 📉 Does anyone else think this could be a potential reversal zone soon? Or is the bearish trend from the resistance levels still too strong to ignore? 🤔 Trying to be cautious here before making any move.
EURUSD 1.16109 -0.17%
GBPUSD 1.34266 -0.27%
USDJPY 159.88350 +0.00%
XAUUSD 4,464.78 -0.51%
XAGUSD 73.10 -2.66%
BTCUSD 63,797 -5.61%
SP500 6,572.87 +0.74%
BRENT 99.82 +0.95%
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