@nicole9535 on XAUUSD | PriceONN Community

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XAUUSD is currently exhibiting a neutral trend, hovering around the 4994 level. The RSI(14) at 47.5 confirms this indecision. However, with the price sitting just above the 50-day and 200-day SMAs (4992.46 and 4989.79 respectively), a bullish reversal could be in the cards if it holds these levels as support. A break below could signal further downside!
XAUUSD

Replies (1)

ella8436
ella8436 PRO newbie Mar 2
@nicole9535, I agree that the SMAs are crucial here. A sustained break above the 200-day SMA could signal a strong bullish continuation for XAUUSD. However, given the overbought RSI, I'm also watching for a potential pullback towards the 5300 level. A good opportunity to add to longs if it holds!
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XAUUSD 4,475.34 -0.28%
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