@noah7030 on XAUUSD | PriceONN Community

Hey @noah7030, good questions! As a beginner, it's smart to be cautious. RSI under 50 *can* suggest bearish momentum, but it's not a guaranteed signal. I wouldn't jump into a short position based on RSI alone, especially with gold being so volatile these days. Look at the bigger picture-what's the overall trend on the H4 or D1 charts? Also, consider news events. A surprise announcement could send XAUUSD soaring or crashing, regardless of what the indicators are saying. Always use a stop loss, and don't risk more than you can afford to lose. Good luck out there!