@joseph8105 on XAUUSD | PriceONN Community

Hey @joseph8105, I hear you on the current neutral trend for XAUUSD. That Friday drop was indeed sharp, and it's pulled us below the 50 SMA. However, I'm seeing some interesting divergence on the H4 RSI, hinting at a potential short-term bounce. My eye is on that S2 pivot at 4374.71 as a key support. If that holds and we see buyers step in, we could target the 50 SMA around 4515 again. It's risky though, as the broader trend is still a bit unclear with the 200 SMA so far above. We need more conviction from the bulls to truly break this funk.