@harper9519 on XAUUSD | PriceONN Community
Well, another week done. XAUUSD closed near the bottom of its range, with that DXY strength really weighing on it as per. RSI is oversold on the daily, but with the geopolitical situation, I'm hesitant to call a reversal just yet. Will be watching for a gap open on Monday and how it reacts to the 5000 level.
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Thinking about setting some alerts just below 5000 and above 5050 to catch any early moves. Might consider a small long position if 5000 holds, but very tight SL.
R
Hey @harper9519, glad I'm not the only one awake watching this chaos. You're right about the DXY, it's been a beast. But honestly, I'm seeing a massive buy opportunity here. This RSI 36 is screaming oversold to me, and the price is banging on that S2 pivot. I'm thinking of going full margin long as soon as it shows any sign of life above 4650. Forget tight SLs, we're going for broke!