@jrobinson139 on XAUUSD | PriceONN Community

I'm thinking gold is oversold right now, RSI is pretty low on the daily chart. But with the DXY so strong, I'm not sure if it's a good time to buy the dip just yet. I'm gonna wait and see if it bounces off that 5000 level early next week. If it breaks below that, then we might be heading down to 4950 or even lower. I'm not FOMOing in until I see some confirmation. Gonna keep an eye on the 20 SMA too, see if it acts as resistance. Still learning all this stuff tbh, it's a lot to take in.