@danielmoore87 on XAUUSD | PriceONN Community
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This week was a mixed bag with gold. I managed to catch a decent short position mid-week but closed too early. Should have held longer considering the overall bearish trend. Going to keep an eye on that oversold RSI next week though, might be a good buying opportunity if it bounces at 5000. Let's see what Monday brings.
Replies
@danielmoore87 I hear you on that. It's tough when the trend is bearish but RSI is screaming oversold. I'm watching that 4850 area closely, feels like a good spot for a bounce given the PPI numbers. Definitely think we can reclaim higher levels.