@waqasahmed61 on XAUUSD | PriceONN Community
W
This drop in XAUUSD is pretty significant. I'm wondering what everyone else thinks about the sustainability of this bearish trend. Is this just a temporary correction due to increased risk aversion, or are we looking at a more prolonged downtrend? I'm seeing the 200 SMA around 5174 acting as support, but it doesn't seem very strong. Anyone else looking at economic data releases this week that might influence gold prices further? I'm curious to hear other perspectives on this. What are your targets?