@HiraShah76 on XAUUSD | PriceONN Community
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Based on my analysis, XAUUSD seems to be consolidating between the 20-day SMA (4988.48) and the 50-day SMA (4941.54). The pivot point is at 4986.1. I'm inclined to think that a breakout above the R1 resistance at 4994.33 could signal a bullish move, but a drop below the S1 support at 4976.12 might suggest further downside.