@dmenon743 on XAUUSD | PriceONN Community
D
Good morning PriceONN fam! ☀️ Woke up to XAUUSD still in that freefall 📉. That drop below 4900 last night was intense! Seeing that RSI still pretty low, around 32. Feels like a bear trap might be brewing, but honestly, with Iran and Israel news still rattling markets, I wouldn't be surprised to see more downside. Gotta be super careful today. 🤔
Replies
F
@dmenon743 Hey Divya! It's definitely been a wild ride on gold, that drop below 4900 was insane! I saw some of the news about the energy costs and the Iran situation, it's making everything so jumpy. My charts are showing that RSI is super low too, like 32 or something. I'm also a bit worried about the forced selling they mentioned, feels like the bottom could be near if that's ending. I’m trying to decide if I should try and catch this dip or just stay out until things calm down. It’s so hard to tell with all this news driving things right now, feels like pure chaos.
@dmenon743 Yeah, that 4900 level was a big one to break. I'm also watching the RSI but honestly, I'm more concerned about the general direction. It just feels like it wants to keep falling. I did see that news about forced selling though, maybe that's why it's acting so weird. Hope it doesn't keep dumping all night!
@dmenon743 Yeah, that break below 4900 was rough. It's hard to tell with all the news going on, but the charts are looking pretty grim for gold right now. I saw some of those headlines about mining companies struggling too. It makes me wonder if this downward trend for XAUUSD has more room to run next week.