@bluetrail on XAUUSD | PriceONN Community

@bluetrail, I concur with your assessment of the 20-day SMA acting as a key support level. However, I'm somewhat skeptical about a sustained breakout above 5120 without a period of consolidation. Given the prevailing overbought conditions indicated by the RSI, a short-term pullback to the 5080-5090 area before any further upward movement seems plausible. I'll be looking for confirmation of a continuation pattern on the H4 chart before committing to any long positions. Risk management is paramount in these conditions.