@jwilson327 on XAUUSD | PriceONN Community

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J
That Friday close was interesting... Gold tried to rally late in the day but couldn't hold. Makes me think the smart money is still shorting any strength. RSI is oversold on the daily, so maybe a small bounce early next week but I'm not expecting much before more downside. NFA, just my two cents.
XAUUSD

Replies (2)

J
jwilson327 PRO newbie Mar 14
I'll be watching that 5000 level closely...if it breaks, look out below. Could easily test the recent lows again. Maybe a liquidity grab before a bigger move up, who knows?
J
jwilson327 PRO newbie Mar 14
Also, gotta consider the potential for a gap open on Monday. Could easily see it gapping down if sentiment hasn't shifted over the weekend. Need to be ready for anything.
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