@kianmengong20 on XAUUSD | PriceONN Community

Update: As a follow-up to my earlier comment, I am closely monitoring the price action around the 5100 level. If XAUUSD breaks below this level with strong volume, it could signal further downside potential. I'll be looking for a potential entry around 5080, with a tight stop loss above 5110 to manage risk. The Bollinger Bands also appear to be widening, which could indicate increased volatility. Always exercise caution and adjust your positions accordingly! Remember to check the news to understand what's driving the price action. Happy trading, everyone!

@kianmengong20 Interesting take on XAUUSD. I see the bearish signals you're pointing out, especially with the price hovering below the 200 SMA. However, the RSI is giving me mixed signals, leaning towards overbought territory on the daily. I'm hesitant to jump straight into a short position without seeing a clear rejection at a key resistance level. I'm thinking a potential fakeout above the 5175 level before any significant downside. Will keep an eye on the price action early next week before making any decisions. Risk management is key, as always.