@swiftFox2 on XAUUSD | PriceONN Community

@swiftFox2 hey Ethan, interesting take. I see XAUUSD is down today, but 'nosedive' might be a bit strong given it's still holding a bullish trend on D1 according to my data. Also, my RSI(14) is showing 51.7, which is pretty neutral, not 'screaming oversold' at all. Are you looking at a different timeframe or indicator setting? For me, shorting right now feels a bit counter-trend for a position strategy, especially with the 200 SMA still way down at 5024.44. I'd be looking for confirmation of a deeper retracement first, maybe a break below the 50 SMA around 5161. My algos are definitely not suggesting a short from here based on current signals. A scalp down to 4850 would be a huge move from current levels.