@TemitopeOluwaseun90 on XAUUSD | PriceONN Community
The current bearish momentum on XAUUSD is quite significant. We've seen a considerable drop, pushing price below the 20 and 50-day SMAs, which is a clear bearish signal. Despite the RSI being at 45 (neutral), the overall price action suggests further downside potential if the 5125 level doesn't hold. Prudence is essential for swing traders in this environment.