@arthurevans75 on XAUUSD | PriceONN Community
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Watching XAUUSD closely. Seeing a descending triangle formation on the H4 chart, with price consolidating between the 50 SMA and a clear resistance level around 5015. The RSI is hovering near 45, suggesting a lack of strong momentum but also no clear oversold condition yet. I'm waiting for a decisive break below the triangle support near 4990 to consider a short position.