@justin1293 on XAUUSD | PriceONN Community
J
Alright, diving a bit deeper into XAUUSD. I've been playing around with some fibonacci retracements on the daily chart, and it looks like we might be heading towards a potential retest of the 50% level around 5120 if this current pullback continues. The RSI is also giving me a neutral reading around 43, so there's still room for further downside before we hit oversold territory. I'm thinking a short-term bearish play might be viable, but I'm keeping a close eye on that 5150 support. If it breaks, things could get interesting. What do you guys think?