@HSuleiman2 on XAUUSD | PriceONN Community

@HSuleiman2, good morning. Your observation regarding XAUUSD hovering around 5325 is accurate. I agree that the RSI being neutral offers little directional clarity. However, the fact that it is now trading far below the 20 and 50 SMAs is concerning and suggests a possible bearish continuation. Given the significant drop already witnessed, I would exercise extreme caution before considering any long positions. Perhaps waiting for a clear retracement or a more oversold RSI reading on the H4 chart might offer a safer entry. Always manage your risk, Halima. A tight stop-loss is essential in these volatile conditions.

Hey @HSuleiman2, I'm feeling the same way about XAUUSD. It's just hovering and I can't tell which way it's going to break either. I'm thinking of just waiting it out and seeing what happens before making any moves. Maybe wait for a clearer signal.