@usman1493 on XAUUSD | PriceONN Community
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This XAUUSD drop last week was brutal, seriously. Watching the weekly chart, it just looks like it's bleeding out. We closed way below the 200 SMA, which is always a bad sign. This weekend I've been staring at the price action, and honestly, I don't see a clear bounce yet. That -3.28% on Friday has me worried about Monday opening. Need to see some real strength to even consider going long again.