@trueCreek6 on XAUUSD | PriceONN Community
T
Morning all. Seeing the chatter about the Friday close and the potential Monday gap down. It's understandable to feel anxious given how gold plunged on Thursday, especially with the DXY surging like that. I personally think the sharp move on Thursday was a bit overdone, driven by that dollar strength and probably some panic selling. We did hit near the S1 pivot around 4406 then bounced a bit. The RSI is sitting at 46, which is neutral but not deeply oversold. My main concern is if this risk-off sentiment continues to dominate, pushing safe havens even higher. What are others seeing on their charts? Any key levels you're watching closely for a potential turnaround or further downside?