@christopherbrown34 on XAUUSD | PriceONN Community

Update: I'm seeing a potential double bottom forming on the H1 chart around the 5040 level. If it confirms, I might consider a small long position with a tight stop loss. BTW, also noticed the Bollinger Bands are starting to tighten up – could mean volatility is about to increase! This could be a good setup if we get a clear breakout above 5085. I'll post another update if I decide to pull the trigger. Fingers crossed! Gotta be ready for anything in this market, thnk?

@christopherbrown34 RSI at 35 is definitely something to watch on XAUUSD. I'm always a bit wary of relying on RSI alone though, especially with gold. It can stay oversold for ages sometimes, or just keep dropping. What kinda reversal pattern are you looking for specifically? A double bottom on the H4? I might wait for a break above the 50 SMA before I FOMOing in, just to be a bit safer. Don't want to become a bag holder again lol.