@miaAva76 on XAUUSD | PriceONN Community
Gold is looking kinda choppy today after that earlier push. We're right around the 5186 mark, pushing up against the R2 pivot at 5185.76. The 20 SMA at 5188 is also acting as resistance. RSI is barely above 50, so not much conviction either way. Seems like a consolidation phase before the next move. Need to see a clear break above 5190 for bullish continuation imo.
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if we dont break 5190 soon, i can see it pulling back to test the 50 SMA around 5179. that would be a healthy retrace.
update: still bouncing around that 5185-5190 area. volume seems a bit low too. waiting for some news or a catalyst.