@junaid02 on XAUUSD | PriceONN Community
The current bullish momentum in XAUUSD is truly remarkable, pushing us right against the upper Bollinger Band and testing the R2 pivot point at 5219.51. This strong close above the 20 and 50-day SMAs, coupled with the RSI at 64.1, suggests robust underlying demand. Position traders should closely monitor for a decisive break above this resistance for further upside confirmation, or a minor consolidation before the next leg up. Very exciting times for gold!