@WildCard35 on XAUUSD | PriceONN Community
W
This past week for XAUUSD was quite the churn. The Friday close below the 20-day SMA at 4760 is a bit concerning for the immediate short term. While the 50-day is still holding, we need to see a firm push back above that 20-day level come Monday to maintain any bullish momentum. Watching the weekly chart, it feels like we're consolidating rather than making a decisive move yet.