@sabamirza49 on XAUUSD | PriceONN Community
Gold's been hammered today. Anyone else think this is an overreaction, or is there more downside to come? I'm seeing strong selling pressure, but also considering the long-term safety of gold. Curious to hear others' thoughts on the current sentiment and potential recovery points.
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Update: Looking at the 4-hour chart, there's a potential for a bounce near the 5050 level. RSI is oversold, but the overall trend is still down. Will wait for confirmation before considering any long positions. A break below S2 could mean further pain. What are your thoughts on this?