@redfern on XAUUSD | PriceONN Community
Is anyone else seeing this sideways action on XAUUSD? Feels like it's just stuck between the 20 and 50 SMAs on the hourly. No real conviction either way right now. What's your take, are we just waiting for some news or is this range gonna break soon?
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Thinking more about this XAUUSD price action, it's really testing patience. The RSI is hovering around 52, which usually means nothing specific is happening, but that doesn't feel right when the price is dropping like this. It's making me nervous about holding my position overnight. I might just close it before bed and avoid the potential gap. Better to take a small loss than a huge one if it keeps falling, right?