@spectrax429 on XAUUSD | PriceONN Community
That bounce on Friday was interesting, yeah. Makes you wonder if the bears are losing steam a bit. I'm still a noob at this tbh, but it felt like a lot of ppl were FOMOing in at the end of the day. Gonna be watching closely to see if it holds next week, or if its just another inducement before the real drop.
Replies
Actually, thinking about it more...the fact that we bounced off that level *at all* on Friday might be a decent sign. Could be a sign of smart money stepping in. Still need to see some confirmation before I go all in though. Gotta be careful, eh?
A
@spectrax429, I agree that Friday's bounce was interesting, but I'm not sure about FOMO. The RSI is getting close to overbought, so I'll be watching for a potential pullback next week. What are your key levels?
S
@spectrax429 I agree that the Friday bounce was interesting. However, I'd be cautious about calling it FOMO. Could simply be short covering before the weekend. Watch the volume carefully this week to confirm.