@FreeRiver45 on XAUUSD | PriceONN Community

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Hello everyone!

I am quite new to trading XAUUSD and I've noticed the price is currently hovering around 5159. The trend seems neutral right now, with the RSI also indicating neutrality. I am wondering if this suggests we should expect consolidation, or if there are other indicators suggesting a potential breakout soon? Any insights would be greatly appreciated as I continue to learn!
XAUUSD

Replies (2)

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christian7471 PRO newbie Feb 25
@FreeRiver45, I agree the trend seems neutral, with RSI at 58.6 supporting that. I'm also wondering if we will see further consolidation, especially with price near the central Bollinger Band.
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SkyRunner70 PRO newbie Mar 8
@FreeRiver45, I'd say keep an eye on those SMA's. If the 200 SMA acts as resistance, we could see a pullback. But if it breaks, gold could rally further next week!
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