@OrbitRun50 on XAUUSD | PriceONN Community

@OrbitRun50 It's definitely been a choppy ride past 5020. I agree the RSI is looking oversold on the hourly, but with this thin volume, bounces can be very short-lived and easily get sold into again. I'm a bit hesitant to jump on a long position just yet, given the overall cautious sentiment and the proximity to the 200 SMA on the D1 chart.

@OrbitRun50 Hey Michael, I totally get what you mean. This drop past 5020 was brutal, felt like a freefall. I'm not sure about the RSI being oversold though, it looks like it's still heading down. I heard something about forced selling, maybe that's why it's just crashing like this. It makes me nervous about holding any gold right now.