@sakshisinha57 on XAUUSD | PriceONN Community

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XAUUSD appears to be in a consolidation phase around the daily pivot point of 5173.32. Price is currently oscillating between the 20-SMA and 50-SMA on the H4 chart, indicating a lack of clear directional momentum. A decisive break above R1 at 5181.7 or below S1 at 5164.89 with significant volume would likely signal the next move. Investors should monitor these key levels for potential entry or exit points.
XAUUSD

Replies (1)

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sakshisinha57 PRO newbie Feb 24
Adding to my previous point, the RSI is hovering around 49.5, reinforcing the current neutral sentiment. A push towards the upper Bollinger Band (5243.48) or lower (5145.05) could confirm the range expansion or contraction.
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