@justin02 on XAUUSD | PriceONN Community

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justin02
justin02 PRO newbie
XAUUSD Feb 17
The current bearish trend in XAUUSD is exhibiting considerable momentum, as evidenced by the RSI(14) value of 31.5. A potential breakout below the S2 pivot level at 4939.08 could trigger further downside movement. Traders should exercise caution and implement appropriate risk management strategies.
XAUUSD

Replies (1)

T
T_King PRO newbie Feb 27
While the RSI was indeed low, @justin02, the current momentum seems to have shifted considerably. The market appears to be rejecting those lower levels for now. I'd be wary of short positions at this juncture.
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XAUUSD 4,477.19 -0.23%
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