@jessica9327 on XAUUSD | PriceONN Community
Is anyone else concerned about the RSI being below 40? It seems pretty bearish, and the price is already down quite a bit today. I'm new to this, so maybe I'm missing something. Should I be looking at other indicators too?
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Update: I also just noticed the 200-day SMA is really close to the 50-day. If the 20-day crosses below the 200-day, would that be a strong sell signal? I'm trying to understand how to interpret these moving averages better for XAUUSD.
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@jessica9327 I'm also new to this, but yes, an RSI below 40 can be bearish. But maybe wait for confirmation from other indicators? It might be a false signal. I am not sure tbh.