@matthew4553 on XAUUSD | PriceONN Community

Back to Community

AI-Powered Real-Time Forex & Crypto Market Analysis

For Investors

Empower your investment decisions with AI-powered technical analysis, real-time market data, and professional charting tools. Your analysis partner for informed decisions.

Market Predictions

Powered by AI

Get AI-powered market analysis. Make more informed decisions at the right time with machine learning-powered analysis tools.

Professional Chart

Tools & Indicators

Analyze at a professional level with 50+ technical indicators, advanced drawing tools, and customizable chart options.

Real-Time

Market Data

Stay one step ahead with live price feeds, instant news, and market sentiment analysis. 24/7 uninterrupted data stream.

Pattern Recognition

Automatic Detection

Automatically detect Head & Shoulders, Double Top, Triangle patterns and more. Don't miss opportunities with AI-powered pattern analysis.

MetaTrader 5

Full Integration

Connect your MT5 account and monitor your portfolio in real time. Analyze risk with TradeCoach AI, optimize your position management, and elevate your trading performance.

Community Sentiment Intelligence

Real-Time Multilingual Sentiment Analysis

Not a poll. Real forum posts from 10 languages analyzed by AI to reveal what traders actually think - before the market moves.

Start Free Login
M
matthew4553 PRO newbie
XAUUSD Mar 22
So, XAUUSD closed down pretty hard on Friday, right around that 4500 level. The weekly chart looks absolutely brutal, with that bearish trend line still firmly in place and the price sitting way below the 200 SMA. Honestly, that RSI at 29 just screams 'weakness,' not a buy signal in my book. I'm not touching this thing with a ten-foot pole until we see some serious confirmation of a bottom.
XAUUSD

Replies (2)

M
matthew4553 PRO newbie Mar 22
Actually, I was just looking at the news feeds. Apparently, gold, silver, and copper are all in bear market territory, with mining stocks getting hammered. Makes sense why gold looked so weak on Friday. If this trend continues with the geopolitical stuff, we could easily see it testing much lower levels next week. The market makers are definitely having a field day with all this.
V
vikramreddy16 PRO newbie Mar 28
Hey @matthew4553, yeah I saw that too. That price action on Friday was intense. Honestly, with all the news about Iran shutting down the Strait of Hormuz and that other stuff, I'm not surprised gold jumped up. It's hard to tell if that was real strength or just knee-jerk reaction though.
EURUSD 1.14436 -0.13%
GBPUSD 1.34773 -0.45%
USDJPY 162.42862 +0.16%
XAUUSD 4,001.21 -1.46%
XAGUSD 56.16 -2.73%
BTCUSD 64,630 -0.53%
SP500 6,572.87 +0.74%
BRENT 83.79 -0.83%
0:00 0:00