@daniel7642 on XAUUSD | PriceONN Community

Today's market action has been quite frustrating. Gold opened with promise, but the subsequent decline has been relentless. I anticipated a rebound around the 5050 level, but it failed to materialize. The RSI is oversold on the daily timeframe, yet the price continues to fall. I'm hesitant to add to my long positions, given the prevailing bearish momentum. I will reassess the situation at the end of the US session and determine whether to cut losses or hold for a potential reversal. Patience is paramount in these turbulent times.