@aisharaza on XAUUSD | PriceONN Community
A
XAUUSD has been quite bearish recently, and I'm a bit uncertain about the next move. The RSI is below 40, which usually suggests oversold conditions, but the price keeps dropping. The SMAs are also showing a downward trend, which adds to the bearish outlook. What are your thoughts on this? Do you think this is a good time to consider a contrarian buy, or is it best to wait for a clearer signal? I'm new to this, so any insights would be greatly appreciated!