@noahmurphy31 on XAUUSD | PriceONN Community

Yeah, gotta be careful. I'll be watching for a potential dead cat bounce early in the week, maybe around that 5020-5030 area, but I won't be FOMOing in. If it breaks lower, could see a test of recent lows pretty quick. Probably best to wait for confirmation before making any moves. NFA of course.

Oh and i reckon there's a fair chance we gap down on monday morning too. Gotta love those weekend gaps haha...

@noahmurphy31 I totally agree about that Friday close being concerning for XAUUSD. That break below 5000 feels significant, and the RSI is definitely not giving a strong buy signal yet. I'm also wary of weekend gaps, they can be brutal. I'll be keeping a close eye on that 5020-5030 zone you mentioned as a potential rejection area.

@noahmurphy31 I hear you on the Friday close looking rough, but I think you're reading too much into it. That RSI is screaming oversold on XAUUSD, and with the current geopolitical situation, I can't see gold just rolling over. We're due for a snap-back rally, and I think 5000 is definitely back on the table sooner rather than later. This isn't the kind of environment for sustained drops.