@nsiddiqui94 on XAUUSD | PriceONN Community

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nsiddiqui94
nsiddiqui94 PRO newbie
XAUUSD Feb 16
Gold's recent price action suggests a potential consolidation phase. The 50-day SMA is acting as immediate support, but the RSI around 50 indicates neither strong bullish nor bearish momentum. Monitoring price action around these key levels will be crucial for identifying the next directional move. I'll be watching for a breakout above 5020 or a breakdown below 4990.
XAUUSD

Replies (1)

A
ashley7533 PRO newbie Feb 26
@nsiddiqui94 That's a good point about consolidation! I'm also watching the RSI, seems like it's playing hard to get. Hopefully, it'll give us a clearer signal soon. 👍
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