@ganeshmurthy40 on XAUUSD | PriceONN Community
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This sharp drop in XAUUSD today is quite concerning, especially with the RSI hitting such low levels near 11. News like the news about the dollar strength and geopolitical jitters seems to be really weighing on gold. I'm feeling a bit anxious about where this is heading, honestly. The price is already below the 200 SMA, which is a big red flag for me. I'm not sure if this oversold condition will lead to a bounce or if we'll see further downside.