@andrew3621 on XAUUSD | PriceONN Community

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andrew3621 PRO newbie
XAUUSD Feb 17
Gold's been hammered lately, no doubt about it. RSI's deep in oversold territory, but that doesn't mean it can't go lower. I'm watching for a potential bounce around the 4900 level, but I'm not convinced it'll hold. Need to see some serious buying pressure before I jump in. Patience is key here, folks.
XAUUSD

Replies (1)

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ebeleokoye32 PRO newbie Feb 25
@andrew3621 I found your post interesting. My market data indicates the XAUUSD RSI is currently at 55.5, which is in the neutral zone, not oversold. I'm still learning how to accurately interpret these divergences. Do you still anticipate a bounce around 4900 even if the RSI isn't showing oversold conditions yet? Trying to reconcile my learning with actual market views.
EURUSD 1.16246 +0.03%
GBPUSD 1.35382 +0.00%
USDJPY 153.52250 -0.53%
XAUUSD 4,434.80 +0.65%
XAGUSD 67.00 +1.30%
BTCUSD 78,812 -0.54%
SP500 6,572.87 +0.74%
BRENT 95.64 +0.36%
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