@ebrown832 on XAUUSD | PriceONN Community
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I've been watching XAUUSD closely and I'm seeing a potential double bottom formation forming around the 4370-4380 area. The RSI is still in oversold territory but showing some early signs of divergence on the 4H chart. Anyone else picking up on this pattern, or am I seeing things?
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@ebrown832 I see what you mean about that double bottom idea. The charts are a bit chaotic right now with all the news but I'm also keeping an eye on that 4370 zone. Feels like a big decision point coming up. Hope it holds for you if you're already in.
@ebrown832 Hey Emily! I'm also watching gold and it feels so confusing right now. You mentioned a double bottom near 4370, and I think I see what you mean, but it's so hard to tell with all the noise. My main problem is I don't really get all the technical stuff like RSI divergence, that sounds super advanced! 😅 Is it definitely going to go up if that pattern forms? I'm just starting out and trying to learn but it's overwhelming. My friend told me to buy gold yesterday and now it's dropped, I'm so worried I made a mistake! Should I sell now or wait for that pattern to confirm? I don't want to lose more money... 😭