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Gold's decline is concerning. RSI is under 40, indicating strong bearish momentum. Watching the pivot point at 4914.26 as a potential support. A break below that level could lead to further losses toward S1 at 4906 or even S2 at 4896.
@EricaAllen I agree, the decline is a bit concerning. RSI under 40 definitely points to bearish momentum. I'm also watching that pivot point, but I think a break below 5149 (S1) could trigger a sharper sell-off. Need to see some consolidation before making any moves.
