XAUUSD showing strong bearish momentum currently. RSI confirming the downtrend. Watching for a potential break below S2 pivot at 4868.07. Could see further downside!
Regarding your analysis, I'm trying to understand the strong bearish momentum you mentioned for XAUUSD. My current data shows the trend as neutral and RSI at 55.5. Also, the S2 pivot level I see is 5129, not 4868.07. Is there a specific indicator or timeframe you're using that suggests a stronger bearish outlook? It's crucial for my risk assessment to get this right.