@michellemagno23 on XAUUSD | PriceONN Community

Update on my earlier XAUUSD analysis: I'm particularly interested in how the D1 candle closes relative to the 50 SMA at 5173.39. A close below this level, especially with increased selling volume, would lend more credence to a potential bearish reversal or at least a deeper correction towards the 200 SMA around 5030.

Conversely, if XAUUSD manages to hold above 5180 and reclaim the R1 pivot, then we might see a push towards the R2 level. My preferred swing entry would still be contingent on a clear break and retest of either the 5210 resistance or a breakdown below the 5160 support. I'm also monitoring the H4 RSI for any bearish divergence as price approaches the upper band, which would be a strong signal for a potential short. For now, maintaining a neutral stance and waiting for clearer structural confirmation before committing capital.