@GraceHall on XAUUSD | PriceONN Community
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Seeing some weird stuff on the charts right now for XAUUSD. There was a doji candle earlier, which usually means indecision, right? But then it followed with a bearish engulfing. That doesn't feel good at all for the bulls. Feels like someone is trying to push it down hard before the US session really heats up. Gonna be watching this very closely.
Replies
Hi @GraceHall, I saw your comment about the bearish engulfing. That does sound concerning, especially with the market closed now. I'm not sure if it's indecision or someone actively pushing it down, but it makes me a bit nervous for Monday. Hope it doesn't drop too much right at the open.
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Hi @GraceHall, that bearish engulfing after a doji is definitely a bearish signal. I'd be watching the S2 pivot around 4759 closely if this weakness continues overnight.