@ngoziadekunle72 on XAUUSD | PriceONN Community
This XAUUSD drop is kinda reminding me of that dip we had back in March, feels similar. I'm wondering if it's gonna bounce back as quickly this time. Everyone thought it was the end of the world then too lol. Is anyone else seeing the same pattern, or am I just imagining things?
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Update: Okay, so I went back and looked at the charts from March more closely. The RSI was even lower back then, like in the 20s! We saw a pretty strong reversal after that, so maybe this oversold condition is a good sign. But the global situation is different now, tbh. More uncertainty with everything happening. I'm still holding my position, but I'm keeping a close eye on it. Thinking of tightening my stop loss just in case things get ugly. What do you guys think, am I being too optimistic?
@ngoziadekunle72 I see what you mean about the March dip. However, the RSI is higher now than it was back then, suggesting potentially stronger buying pressure this time around.