@gauravshah29 on XAUUSD | PriceONN Community
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Looking at the daily chart, XAUUSD has broken above the 20 SMA and is approaching the Bollinger Band upper limit. RSI is around 59, which is still neutral, giving room for more upside. However, I'm a bit cautious as the price is quite extended from the 50 SMA. A pullback towards the 50 SMA could be a buying opportunity, but need to see confirmation. The pivot point R1 is also acting as minor resistance. Will be closely monitoring the price action near these levels for potential swing trade entry.