@naledisurfer on XAUUSD | PriceONN Community
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The current consolidation reminds me of the price action we saw back in Q4 2022. We had a similar period of sideways movement before a significant breakout. I'm closely monitoring the 50-day SMA at 5142.95; a decisive break above that level could signal a continuation of the bullish trend. Alternatively, failure to break above the SMA could lead to another period of consolidation or a potential retracement.