Slm everyone, just a quick observation on XAUUSD. I'm seeing the price hovering around 5294, and the RSI is at 44. Seems pretty neutral right now. I'm thinking of waiting for a clearer signal before making any moves. Maybe a break above 5300 or below 5280? WDYT?
Update: Looking at the daily chart (D1), XAUUSD seems to be consolidating near the 50-day SMA (5261). This could be a good support level, or it could break down. If it breaks, I'm looking at the S1 pivot point around 5262 as the next potential support. On the upside, the 20-day SMA (5357) is acting as resistance. A break above that could signal a stronger bullish move. I'll be watching the price action closely tomorrow morning. Planning to swing trade it. Any thoughts on my anlaız?
