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Gold's been taking a tumble today 📉. The RSI is looking pretty oversold on the H4 chart, but I'm still wary of catching a falling knife. Could be a good opportunity to short if it bounces off the SMA20, but I'm waiting for more confirmation. 🤔
@scarlett4951 I hear you on the falling knife! 😬 RSI does look oversold on H4, but I'm a newbie so maybe I'm reading it wrong? Is it really that risky to buy now then? I was thinking of putting a small amount in, but I'm scared of losing money tbh. Maybe I'll wait like you said.
