Gold seems a bit stuck around 5180 for now. The RSI is kinda flat too, not much happening. I'm wondering if it's gonna break out soon? Or just keep ranging between like 5160 and 5210. What do others think?
Update on my earlier thought: I'm still seeing gold stuck around the 5180-5190 area. It's kinda bouncing off the 50 SMA and the middle Bollinger band which are both right there. If it can break above 5200, maybe test R1, then I think we might see some upward momentum. But if it drops below 5160, the lower Bollinger, then it could go down quickly. I really need a clear direction to make a move. This neutral trend is tough for short-term trades.