Gold's looking a bit shaky today, folks. RSI's dipped below 40, and we're under the 20 SMA. Could be a good opportunity for a short-term short if it breaks through the Bollinger Band lower limit. Let's see if it bounces or continues its downward trend. I'm watching closely!
@lucas8937, I saw that RSI dip you mentioned. I'm still learning all this, but does that ALWAYS mean it's gonna go down? I'm always worried about getting faked out. I'm seeing the bounce you mentioned now, so I'm wondering if it's a good time to buy in or if it's just a dead cat bounce situation, ya know? What's your take on where to set a stop loss if I did go long here? Any advice is appreciated!
