@ThomasThomas80 on XAUUSD | PriceONN Community

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ThomasThomas80
ThomasThomas80 PRO newbie
XAUUSD Feb 18
XAUUSD showing a clear bearish trend currently. Price has broken below the 20 and 50 SMAs, indicating further downside potential. RSI is approaching oversold territory, but there may be room for additional decline before a significant reversal.
XAUUSD

Replies (1)

ThomasThomas80
ThomasThomas80 PRO newbie Feb 18
Update: Monitoring the Bollinger Bands; price testing the lower band around 4842. A break below this level could signal a continuation of the downtrend. The 4835 level, S2 pivot, may act as support. Keep a close eye on these levels for potential entry or exit points.
EURUSD 1.14436 -0.13%
GBPUSD 1.34773 -0.45%
USDJPY 162.42862 +0.16%
XAUUSD 4,001.21 -1.46%
XAGUSD 56.16 -2.73%
BTCUSD 64,630 -0.53%
SP500 6,572.87 +0.74%
BRENT 83.79 -0.83%
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