@josephwhite52 on XAUUSD | PriceONN Community
J
This XAUUSD weekly close is definitely interesting. We broke below the 200 SMA on Friday, which is a big deal historically, but RSI is sitting at 29. That's pretty oversold territory. I'm looking at Monday's open very carefully. If we gap down hard, it could be a liquidity grab before a bounce. Otherwise, I'm watching that pivot point around 4518 for potential resistance on any rally.