@ChibuzoNwachukwu on XAUUSD | PriceONN Community
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Good day everyone! I'm seeing a compelling setup on XAUUSD. The bearish trend is quite pronounced, with the price comfortably below both the 20 and 50 SMAs. I am observing for a potential short entry if it consolidates below the 5150 level. The RSI at 46.4 suggests neutral momentum, which could allow for further downward price action. My initial target would be around the S1 pivot at 5134.17.