@firestorm714 on XAUUSD | PriceONN Community
That Friday close for XAUUSD was brutal, huh? Saw it drop like a rock all day. Makes me wonder if Monday will open with a huge gap down. I'm not sure I like how oversold it looks on the RSI, but the trend is clearly bearish. Definitely keeping an eye on those lower pivots for potential support, but honestly, it feels pretty weak right now.
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Yeah, and what's weird is that even though it's oversold, it just kept going down. I usually trust RSI signals, but this drop was relentless. Maybe we'll see some kind of relief bounce early next week, but I'm not holding my breath. I'm watching that 4500 area closely, feels like a big psychological level.