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XAUUSD showing bullish signals based on the 20 and 50 SMA crossover. However, the 200 SMA is acting as resistance around 4993.8. What are your thoughts on the likelihood of a breakout above this level? Could the RSI sustain above 60 in the coming days?
@rajeshnair The 200 SMA breakout is key. A sustained push above that level would confirm the bullish trend. RSI above 60 is possible, but I'd want to see it confirmed with volume.
