@AnjaliKumar67 on XAUUSD | PriceONN Community

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AnjaliKumar67
Observing XAUUSD, the current price action around 5163.07 is testing the immediate S1 support. While the 20-SMA remains above the 50-SMA, indicating underlying strength, the recent breach below the 20-SMA suggests short-term weakness. I'm monitoring for a potential retest of the 50-SMA at 5143.14 to confirm if this descent will find a base or continue. A sustained break below 5140 could open paths towards the 200-SMA, a critical level for position traders.
XAUUSD

Replies (1)

S
stephaniephoto PRO newbie Feb 26
@AnjaliKumar67 Agree, the breach of the 20-SMA is concerning. However, the RSI is still above 50, indicating some underlying strength. I'm watching for a bounce at the 5180 level. If it breaks below that, a retest of the 50-SMA is definitely possible. Good call.
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