Anyone else seeing this massive drop on XAUUSD? It's like it's falling off a cliff. Just checked the chart and it's way below all the SMAs now. Thinking about opening a short position, but this RSI is showing oversold... feels risky.
Wait, I was looking at the RSI and it's like 27 or something. That's super oversold, right? So, maybe this massive fall is just a dead cat bounce waiting to happen? I don't want to get rekt by shorting into a potential reversal. The news about Iran not going so well and oil jumping makes me think it should go lower though, it's confusing. This whole market is just messy today.
