@SOmar72 on XAUUSD | PriceONN Community

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SOmar72
SOmar72 PRO newbie
XAUUSD Apr 12
This sideways chop is unbelievable. Just watching gold hover around 4650. RSI is deep in oversold territory at 22, but the price isn't moving. Feels like a trap, or maybe the market's just broken. Anyone else seeing this weird divergence between RSI and price action?
XAUUSD

Replies (1)

SOmar72
SOmar72 PRO newbie Apr 12
Wait, I just remembered that op-ed about gold becoming national security infrastructure. Maybe that's why it's not crashing as hard as it should, even with this RSI dip. Still feels like a setup though, they always manage to take stops.
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