@PriyaV20 on XAUUSD | PriceONN Community
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Weekend thoughts on XAUUSD. That 200 SMA at 4683 is still a significant long-term level. We're currently trading just above the 50 SMA at 4749, which has been acting as support. The RSI at 44.9 is sitting nicely in neutral territory, suggesting no immediate overbought or oversold conditions. Looking at the weekly chart, Friday's close was a bit choppy but held above the S2 pivot point, so I'm not seeing a bearish setup forming yet.