@chiAndrew30 on XAUUSD | PriceONN Community
Gold's been quite volatile lately. Seeing a bearish trend now, but I'm a bit wary of a potential fakeout. RSI is neutral, so it could go either way. Thinking of waiting for a clearer signal before making any moves. Better safe than sorry, especially with all the uncertainty in the market.
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Adding to that, the SMA20 is at 5160.97, so that's another level to watch if it bounces. Might consider a small short position if it rejects that level. Just a thght.
Update: Watching the support around 5130 closely. If it breaks, could see a further drop. Otherwise, a bounce back to the 5160 area is possible. Still on the sidelines for now.