@EricL83 on XAUUSD | PriceONN Community
Alright, so gold closed the week around 5021. That's pretty oversold on the RSI, but I'm not convinced we'll see a big bounce right away. I'm thinking maybe a bit of consolidation early next week, then another push lower before we find a decent support level. Gotta watch out for any gap open on Monday morning though, could change everything.
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Yeah, and with all the middle east stuff still brewing, safe haven demand could kick in anytime. That could easily mess up my bearish outlook lol. Gotta be ready to switch gears if things change.