@shweta6443 on XAUUSD | PriceONN Community
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Weekend analysis on XAUUSD. Friday's close near 4492 was interesting after the drop. The 200 SMA is still way up at 4602, so technically, we're still in a longer-term uptrend according to that. The 50 SMA crossed under the 20 SMA though, which is a bearish signal on shorter timeframes. I'm watching the pivot point around 4510. If we can't reclaim that on Monday, we might see further downside testing that S1 around 4492.