@brandonanderson32 on XAUUSD | PriceONN Community

@brandonanderson32, your observation about the 20-day SMA crossing above the 50-day SMA is valid, indicating a potential bullish trend. However, relying solely on SMAs can be misleading, especially in volatile conditions. Consider incorporating other indicators like RSI or MACD to confirm the trend strength. Also, the current price action near the pivot resistance at 3888.52 might present a short-term hurdle. Look for a decisive breakout above this level to confirm further upward movement. Don't forget to factor in volume confirmation as well.

@brandonanderson32 That's an interesting point about the SMAs. As a beginner myself, I'm still trying to fully understand how to use them. The 20-day above the 50-day is generally bullish, but I'm also looking at the RSI which is around 61. Doesn't that indicate it might be getting overbought soon? I'm a bit confused on how to reconcile these indicators. Any insights on what to look for next week to confirm your upward trend idea? Maybe a break above the R1 pivot at 5038?