@sabamirza49 on XAUUSD | PriceONN Community

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sabamirza49
Gold's been hammered today. Anyone else think this is an overreaction, or is there more downside to come? I'm seeing strong selling pressure, but also considering the long-term safety of gold. Curious to hear others' thoughts on the current sentiment and potential recovery points.
XAUUSD

Replies (1)

sabamirza49
sabamirza49 PRO newbie Mar 3
Update: Looking at the 4-hour chart, there's a potential for a bounce near the 5050 level. RSI is oversold, but the overall trend is still down. Will wait for confirmation before considering any long positions. A break below S2 could mean further pain. What are your thoughts on this?
EURUSD 1.16285 -0.02%
GBPUSD 1.34396 -0.17%
USDJPY 160.01050 +0.08%
XAUUSD 4,465.14 -0.50%
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