So gold closed the week kinda bearish... RSI oversold but is that enough for a bounce? I'm wondering if we'll see a gap up or down on Monday. What are your expectations for XAUUSD next week? Anyone holding positions over the weekend?
Hey @sophie6709, totally agree on the bearish close. RSI is oversold but that 6% plunge on the news is hard to ignore. I'm also holding off on any weekend positions for XAUUSD. The way it broke through S1 and S2 feels like more downside is possible, especially with oil still volatile. Might see a gap down on Monday if this sentiment continues.
