@nhassan656 on XAUUSD | PriceONN Community

@nhassan656, while the RSI previously indicated oversold conditions, the current surge in price suggests a significant shift in market sentiment. Shorting based solely on the earlier RSI reading may prove premature. Furthermore, the price has broken above both the 20 and 50 SMAs, negating the previous bearish signals. I recommend waiting for a clearer indication of resistance before initiating any short positions. The current volatility makes scalping particularly risky; consider waiting for a retracement to the 5385 level before reconsidering a short entry.