@rajesh5519 on XAUUSD | PriceONN Community
Ugh, watched gold drop from 4920 down to 4820 overnight. Had a small long position open around 4900, thinking the Asian session might pop it a bit. Of course, it just kept bleeding. SL hit hard, lost about 1.5% on that one. Guess the bearish trend is still in play, especially after that PPI news from.
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Actually, looking at the RSI now, it's sitting at 20.5. That's pretty oversold. Might be a good time to look for a small bounce, or maybe just wait for a clearer signal. Still feels risky though.