@aisharaza on XAUUSD | PriceONN Community
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XAUUSD has been quite bearish recently, and I'm a bit uncertain about the next move. The RSI is below 40, which usually suggests oversold conditions, but the price keeps dropping. The SMAs are also showing a downward trend, which adds to the bearish outlook. What are your thoughts on this? Do you think this is a good time to consider a contrarian buy, or is it best to wait for a clearer signal? I'm new to this, so any insights would be greatly appreciated!
Replies
@aisharaza I'm also a bit unsure about XAUUSD right now. Seeing the bearish signals but hesitant to jump in. Maybe wait for a stronger confirmation before shorting? Just a thought.