What's everyone's take for next week on XAUUSD? That massive tumble on Friday really shook things up. I'm seeing some conflicting signals with the RSI being oversold but the news about mining companies and commodity prices looking pretty grim. Anyone expecting a bounce or further downside?
Hey @music997, 'conflicting signals' is an understatement. This whole commodity market is being played like a fiddle by the whales. That Friday surge? Pure manipulation to lure in the retail buyers before they dump it again. I'm not expecting a bounce, I'm expecting more games. They'll probably open with a gap down just to kill anyone who went long over the weekend.
