@daniel91 on XAUUSD | PriceONN Community

Been staring at the weekly chart all afternoon. That big red candle on Friday really put a dent in things, dropping over 3% to finish near 4500. The 200-day SMA is way up at almost 5000, so there's a lot of room to fall before we hit major support. Given how close the RSI is to 30, I'm expecting a bounce early next week, but it might just be a dead cat bounce if the news out of that conflict zone stays bad. I've been reading some articles about mining companies and their tech roadmaps, which feels completely unrelated but it's what's in the news. Honestly, I'm planning to stay flat Monday unless we see a clear break of resistance or a sustained move down below Friday's low. Need to see how Monday opens, the gap risk is definitely there after that tumble.