@ganeshmurthy on XAUUSD | PriceONN Community

I've been watching XAUUSD closely. The sharp drop today, breaking below the 4750 level, is quite concerning. We saw a large bearish engulfing candle form on the H4 chart earlier. This pattern, combined with the RSI dipping into oversold territory around 20, suggests significant selling pressure. It makes me wonder if we will see further downside towards the 4500 support mentioned in the news.