@jabulanisibiya14 on XAUUSD | PriceONN Community
Good morning. I'm anticipating a potential short opportunity on XAUUSD today. The price is currently hovering around 5116, and the RSI is neutral. However, the price is still below the 50-day and 200-day SMAs, suggesting bearish pressure. I'll be watching for a break below the S2 pivot at 5119.91 to confirm the downtrend.
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Update: I'm also considering the Bollinger Bands. The price is near the middle band, so a move towards either the upper or lower band could signal a stronger trend. I'll keep monitoring the price action around the 5110 level.