@DawnBreak23 on XAUUSD | PriceONN Community

The price action on XAUUSD today has been brutal. We've seen a massive drop, breaking through multiple support levels. Looking at the chart, the 200 SMA at 5059 is now a distant target, and we're currently trading well below the 20 and 50 SMAs. The RSI is deep in oversold territory at 9.3, which suggests a potential for a short-term bounce, but the overall trend remains aggressively bearish. I'm watching the S2 pivot at 4619.22 closely; a break below that would be extremely concerning for any bulls.