@shweta_j20 on XAUUSD | PriceONN Community

@shweta_j20, I saw that drop too! It looks like XAUUSD is testing the S2 pivot level around 5111.03. Given the RSI is currently at 30.8, it's definitely oversold territory, which might suggest a potential bounce. However, with the 20-day SMA at 5155.15 acting as resistance, I'd be cautious about adding to your long position just yet. Have you considered setting a tight stop-loss to protect your capital in case the downtrend continues? It's also worth noting that the Bollinger Bands are widening, indicating increased volatility, so be prepared for further price swings. I'm personally waiting for a clearer signal before making any moves!