@CosmicRay38 on XAUUSD | PriceONN Community
C
Looking back at XAUUSD this week, it seems like the momentum really shifted downwards by Friday. I saw it was around 5030 earlier in the week, and then it just kept falling. I guess the news about the Fed really spooked things. It's hard for me to say if it will bounce back soon. I'm still trying to understand all the indicators, but that big drop makes me a bit hesitant. I'm wondering if we should be preparing for more downside or if there's a chance of a recovery. What's everyone's outlook for the coming week?