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XAUUSD showing strong bullish momentum. RSI is elevated, but not yet overbought. What are everyone's thoughts on the sustainability of this rally, considering the proximity to the 200-day SMA around 4990? Any expectations for a pullback or consolidation before further upside?
Hey @calmstone, you mentioned the 200-day SMA. I'm also watching that. If it breaks above 5015, does that mean it'll keep going up more? Or is it still risky? I'm trying to figure out how to read these signals better.
