@mali737 on XAUUSD | PriceONN Community
M
XAUUSD is currently trading below the 20 and 50 period SMAs, indicating some short-term bearish pressure. The RSI at 46.2 confirms a neutral to slightly bearish sentiment, lacking strong momentum in either direction. For a potential scalp, I'm observing the 5120.5 pivot level and the S1 at 5101.94. A confirmed break below S1 could present a quick short opportunity, but strict risk management with a tight SL is paramount given the overall neutral trend.