@WilliamHall on XAUUSD | PriceONN Community
W
It's quite perplexing watching the XAUUSD price action today. We've had a decent surge, yet the RSI is not screaming 'overbought' nor is it indicating any significant pullback is imminent. The 200-day SMA is still a fair distance above the current price, suggesting long-term bearishness, but the recent news around inflation and potential rate hikes from the Fed is creating a lot of cross-currents. Honestly, I'm finding it hard to reconcile these mixed signals into a clear directional bias right now.