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XAUUSD looking bearish in the Asian session. Price broke below S1 and S2 pivots. I'm watching for a potential short entry if it retests the 5073 level. A tight stop loss above 5080 would be prudent given the current volatility. Always manage your risk, people.
Update: Just noticed that the RSI(14) is currently at 37.2, indicating oversold conditions might be approaching. This could signal a potential reversal or pullback. However, given the overall bearish trend, I'd still favor short positions on any rallies. Need to see a clear break above 5092 to consider a long trade. Trade safe.
