@rameshnaidu17 on XAUUSD | PriceONN Community
R
Well, XAUUSD really took a hit yesterday, dropping quite a bit. Looking at the charts, the price is now below both the 20 and 50 SMAs, which is a clear bearish sign for the short term. The RSI is also pointing downwards around 39, confirming this sentiment. I'm watching the 5097 level closely, that S1 pivot could be a key support if the selling pressure continues.