@ryanharris77 on XAUUSD | PriceONN Community
Man, this past week was a wild ride for XAUUSD. I was mostly focused on scalping those intraday moves, but Friday's action just wiped out most of my small gains. That massive drop below 4600 was brutal. I managed to catch a tiny bit of the downside near the close but it wasn't much. Definitely need to re-evaluate my strategy for next week, especially with that RSI looking so oversold now.
Replies
Yeah, that RSI at 29.5 is definitely screaming oversold. I'll be watching to see if we get any follow-through buying pressure on Monday, or if this is just setting up for more downside after the gap.