@FreyaCook on XAUUSD | PriceONN Community

Hey @FreyaCook, totally agree with you on staying on the sidelines. This price action is just too wild right now, and frankly, I'm a bit scared to jump in. I saw that news about gold, silver, and copper all entering bear market territory this week, and it’s been a bloodbath. My gut feeling is that even though RSI is showing oversold, there’s still more downside potential, especially with that bearish trend line you mentioned. Those miners stocks taking such a huge hit really highlights the overall bearish sentiment across commodities. I'm definitely not looking to long until I see some serious confirmation, maybe a clear break above resistance and a change in the overall narrative. Until then, it’s watch and wait for me too.