I'm seeing XAUUSD potentially heading towards 5170-5180 in the short term. RSI is still below 60 but trending up, and we've bounced off the 50 SMA pretty cleanly. The real test will be if we can break above that 200 SMA around 5193. If that happens, I think we'll see a nice rally.
Update: Just opened a small long position at 5142 with a tight stop loss around 5130. Going to see if this momentum continues through the US session. Keeping an eye on the news too, any unexpected announcements could really shake things up. Let's see what happens!
