@jose9803 on XAUUSD | PriceONN Community
J
I'm seeing a possible bearish engulfing pattern on the D1 chart. It's forming right after that drop we had earlier. If it confirms, we could see further downside. Of course, it needs confirmation with the next candle, and volume needs to pick up. I'm cautious about shorting right away given how oversold RSI is. Could be a dead cat bounce before another leg down. Anyone else looking at this pattern?