@tanvichauhan50 on XAUUSD | PriceONN Community
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I'm seeing some interesting action around the 4600-4630 area on the 1-hour chart. It looks like there's some consolidation happening, but the overall trend still feels decidedly bearish. Is anyone else picking up on any specific patterns here that might suggest a bounce or further downside?
Replies
Hi @tanvichauhan50, I agree, that 4600-4630 zone looked like it was trying to hold, but the momentum from Friday's close really hammered it down. It feels like further downside is definitely on the cards given the overall bearish sentiment.