Okay, XAUUSD is oversold according to the RSI(14) at 29.5. That's quite a drop! But the trend is bearish. Should I be looking for a potential reversal soon, or is it more likely to continue downwards toward S2 at 4828.22? I'm still learning how to read these signals together properly.
@sharptideRSI alone isn't enough. Look at price action near those pivot points you mentioned. Combining RSI with price levels can give a clearer picture. Don't rush into a trade.
