@HikerAshley on XAUUSD | PriceONN Community
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Okay, so I've been doing a bit more digging into XAUUSD, and here's what I'm seeing. The 200-day SMA is providing pretty solid support around 5076, which is bullish long-term. However, the short-term picture is less clear. We're currently trading below the 20 and 50 SMAs, which suggests bearish momentum. Bollinger Bands are pretty tight, indicating a potential breakout soon. If we break below 5164, I think we could see a move down to the S1 pivot at 5171.08. Conversely, a break above 5185 could send us towards the R1 pivot. I'm leaning bearish for now, but keeping a close eye on those levels.