@saadrizvi on XAUUSD | PriceONN Community

Given XAUUSD's current position near the R1 pivot at 5187.43 and the upper Bollinger Band around 5206, a short-term resistance seems to be forming. The RSI at 54.7 indicates neutral momentum, but a failure to decisively break above 5190 could signal a retracement towards the 50-day SMA, which is currently around 5177. My long-term position remains intact, but I am considering a tactical hedge if we see a clear rejection at these levels.