Hey everyone! What's your take on XAUUSD right now? It's been consolidating around the 5170-5180 area for a bit, RSI is super neutral. Feels like it's building up for a big move soon. i'm thinking we might see a breakout either way what do you guys think
also need to see some strong volume on the breakout. that's crucial for confirmation imo! gonna be a wild ride
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bilalakram67PROnewbieFeb 25
update: adding to my earlier thought. The 20 and 50 SMAs are practically on top of each other around 5175. Bollinger bands are getting tighter too. This sideways action can't last forever you know. I'm really watching for a decisive break above 5185 or below 5170.
