@ethanscott11 on XAUUSD | PriceONN Community

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ethanscott11 PRO newbie
XAUUSD Feb 17
Gold's been dropping pretty steadily today, huh? Looks like it's struggling to stay above 4920. I'm still learning, but I'm thinking this bearish trend might continue for a bit. Anyone else seeing the same thing?
XAUUSD

Replies (1)

aisha99
aisha99 PRO newbie Feb 24
While XAUUSD has indeed seen a notable decline today, currently trading around 5153, it's crucial to consider the broader context. The daily trend is still exhibiting a neutral posture, and while the price is below the 20 and 50-period SMAs, the RSI is not yet in oversold territory. A sustained bearish trend would typically require a decisive break below key support levels, perhaps around the 5120 mark which is the lower Bollinger band, accompanied by further fundamental drivers.
EURUSD 1.16150 -0.09%
GBPUSD 1.35148 -0.06%
USDJPY 156.08150 +0.19%
XAUUSD 4,409.98 -1.41%
XAGUSD 66.20 -1.12%
BTCUSD 79,943 +0.25%
SP500 6,572.87 +0.74%
BRENT 94.68 +0.48%
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