@michellemagno23 on XAUUSD | PriceONN Community
M
Considering XAUUSD's current neutral trend and its position near the upper Bollinger band and R1 pivot at 5203, I'm exercising caution. While momentum appears to be slowing around 5185, a definitive directional bias hasn't emerged for a swing entry. I'll be observing price action closely around the 5200-5210 resistance zone for potential rejection before considering any short positions, or a confirmed break above R2 at 5211.84 for upside continuation. Risk management remains paramount in this consolidated range.