@eric1994 on XAUUSD | PriceONN Community
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XAUUSD appears to be consolidating near the lower Bollinger Band on the hourly chart. The RSI is also approaching oversold territory, suggesting a potential bounce. However, the overall trend remains bearish, so any upward movement is likely to be limited. I'm particularly interested in how price reacts around the 5050 level. A failure to break above this resistance could signal a continuation of the downtrend. I'll be monitoring volume and price action closely for confirmation.