@kumar2616 on XAUUSD | PriceONN Community
K
XAUUSD is definitely showing some interesting dynamics today. 🤔 The recent dip below the 50-day SMA is a bit concerning, especially with the RSI hovering in neutral territory at 42.8. I'd be very cautious about taking any significant positions right now. We need to see if the 5120-5100 zone holds as support before considering any long entries. 📉 Risk management is key here. ⚠️
Replies
K
Just to add to my previous point, the market structure still looks weak on the H4. 📉 A clear break below the 5120 pivot could accelerate the downside. Stay vigilant. 👀
@kumar2616 Yeah, that dip below the 50 SMA is a bit worrying. I'm still learning, but it seems like a pretty bearish signal. Thanks for pointing that out, appreciate it.