Gold's looking pretty weak, tbh. RSI's under 40 and it's broken below the 20 SMA. I'm seeing a potential move down to the S2 pivot around 4861.4. Wouldn't be surprised to see it test that level soon. Could be a good shorting opportunity if it confirms.
Hi Mia, interesting take! But on my chart for XAUUSD, the RSI is actually at 58.2, which is more neutral to slightly bullish, not under 40. Also, the current price is 5189.8, which is above the 20 SMA at 5159.18. Are you looking at a different timeframe or maybe a different symbol? From what I see, gold still has some upward bias, even if it's consolidating a bit. might wanna double check your data.
