@surfer559 on XAUUSD | PriceONN Community

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surfer559 PRO newbie
XAUUSD Mar 5
Anyone else getting flashbacks to that dip we saw back in late '22? Gold was trading in a similar range, then boom, a sharp drop followed by a pretty decent recovery. Could be a repeat scenario brewing here, so watching price action around this 5050-5060 area closely.
XAUUSD

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surfer559 PRO newbie Mar 5
Update: RSI is still looking pretty bearish on the H4 timeframe. If we break below S1 at 5054, might see a test of S2 at 5042. That's where I'd consider looking for potential long entries, but only if we see some bullish divergence forming. Otherwise, I'm staying out.
EURUSD 1.14436 -0.13%
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