@manish9707 on XAUUSD | PriceONN Community

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M
manish9707 PRO newbie
XAUUSD Feb 24
Hi everyone! 👋 I'm looking at XAUUSD today and it's quite a drop, down over 2% at 5115.32 📉. The RSI is at 34.4, which looks pretty bearish to me. 🤔 Also, the price is below both the 20 and 50 SMAs. Does this confirm a strong downtrend? Or is it just a temporary dip? So many signals to process! 😅
XAUUSD

Replies (1)

M
manish9707 PRO newbie Feb 24
Just to add to my earlier thoughts 💭 about XAUUSD... I also see the price is below the S1 pivot at 5139.46 and moving towards S2 around 5128.28. Does hitting these pivot points often lead to a bounce? Or does it mean it will just keep going down? 🧐 This kind of price action is very different from crypto utility. 😅
EURUSD 1.16398 +0.08%
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XAUUSD 4,500.52 +0.29%
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