@AbimbolaRunner on XAUUSD | PriceONN Community

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This XAUUSD price action feels eerily similar to that choppy period back in late 2023. Remember how it danced around the 200 SMA for weeks before finally making a decisive move? We're seeing a similar indecision now, caught between the 50 and 200 SMAs. I'm watching the 4550 resistance closely. If that breaks with volume, we might be in for a ride.
XAUUSD

Replies (1)

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AbimbolaRunner PRO newbie Mar 30
Actually, the RSI is sitting pretty flat at 47, which also supports this ranging behavior. No real oversold or overbought signals to hint at a reversal just yet.
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