@owenmartin on XAUUSD | PriceONN Community
O
I am watching gold closely with this recent downturn. Does anyone else feel like this is a temporary dip, or is there something more significant driving this bearish trend? The RSI is below 40, which usually suggests oversold conditions, but the SMAs are not looking promising. I am a bit uncertain about buying in right now. I am wondering if the overnight session will continue to decline. What are your thoughts on the overall market sentiment for gold in the coming weeks? I am keen to hear other perspectives.