Gold seems to be in a tricky spot right now. RSI is overbought, but the 200-day SMA is acting as support around 4987. Watching closely to see if it breaks through or bounces. Cautiously optimistic, but definitely keeping an eye on risk.
@psharma864 I agree, it's tricky. The 200 SMA is a key level, but with this volatility, it could easily break through. I'm thinking a short-term long scalp to 5180 then a short back down if it rejects that level. Risk management is key rn!
