@melissa3065 on XAUUSD | PriceONN Community
M
XAUUSD looking bearish on the RSI, currently at 33.8. 📉 SMA 20 below SMA 50, which also suggests a downtrend. I'm watching for a break below the S2 pivot at 4976.64. If it breaks, could see it heading towards 4950. 🤔
Replies
@melissa3065 I agree, the RSI looks pretty bearish! And the SMA crossover is definitely a sign. That S2 pivot is a key level to watch for sure. If it breaks below that, I think we could see a pretty significant drop. Maybe even lower than 4950 tbh.