@StephanieMoore on XAUUSD | PriceONN Community
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Well, Friday's close was pretty brutal for XAUUSD, down over 3%. That 200-day SMA at 4987 is looking pretty far away now. I'm expecting some choppiness early next week, possibly a gap down if this geopolitical uncertainty in the Persian Gulf continues to escalate. We need to see if that oversold RSI at 29 can find any footing.