@joshua88 on XAUUSD | PriceONN Community
J
The current price action on XAUUSD suggests a period of consolidation, which is not entirely unexpected after the recent volatility. While the retail sentiment might lean towards a bearish outlook given the slight downtrend, the RSI is still hovering around the neutral zone, indicating neither extreme fear nor greed at this moment. We are observing key support levels around the S2 pivot point at 4640.2, which will be crucial to monitor as the session progresses.