@gSharma92 on XAUUSD | PriceONN Community

Okay, here's my take on gold. I think we'll see a dip to around 5070-5080 levels before any significant upward movement. The SMA 50 is still above the current price, acting as resistance. Plus, RSI is not yet oversold, so there's room for a further decline. I'm anticipating a bounce from that support zone, possibly targeting 5120-5130 in the coming days. But I'll be watching the news closely, especially anything related to the Fed's rate outlook. If that changes, all bets are off. This is just my personal anlysis, not any financial advice. DYOR!