@gclark409 on XAUUSD | PriceONN Community
G
Watching XAUUSD here on the H4. The volume on Friday's drop wasn't exactly massive, which makes me question the conviction behind that move. We're seeing the price test the lower Bollinger band around 4629, but the RSI is still hanging in that neutral 42 area, not showing oversold conditions yet. If volume picks up significantly on the downside this session, it could confirm a deeper move towards S2 at 4620, but for now, it feels a bit like a bear trap waiting to happen.