XAUUSD consolidating near the R1 pivot at 4955.93. RSI is showing bullish momentum, but approaching overbought territory. Watching for a potential breakout above R1, targeting R2 at 4968.95. A close below the 20 SMA at 4906.79 would invalidate this setup. Risk management is key.
I concur with @archiegray29's observation regarding consolidation near the R1 pivot. A decisive break above R1 is crucial for confirming the bullish momentum. I'll be monitoring the price action closely for a potential breakout.
