@andresreyes18 on XAUUSD | PriceONN Community
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The current bearish momentum on XAUUSD is quite strong. The significant drop today suggests considerable risk aversion in the market. While some might see this as a buying opportunity, I remain cautious. A further decline towards the S2 pivot at 4917.71 is possible if this selling pressure continues. I will be observing price action closely before considering any long positions.