@nhassan656 on XAUUSD | PriceONN Community
N
ngl, this drop in gold today is pretty wild. over 100 points down is a lot to digest for scalping. i'm seeing price getting close to the lower bollinger band around 5128 which could act as some short term support but the bearish momentum is strong. rsi is clearly in oversold territory too at 34.4 so a bounce might be due. gotta make sure my algo strategies are robust enough to handle these kind of sudden moves. it's all about managing risk in these volatile conditions