@CosmicRay38 on XAUUSD | PriceONN Community
C
Given the current neutral trend and proximity to the 50 SMA at 5186.83, I'm leaning towards a slight bearish outlook for XAUUSD in the short term. The RSI is hovering around 55, which doesn't indicate strong overbought conditions, but the price is close to the 200 SMA resistance. I'll be watching to see if it breaks above 5200, but my initial thought is a small pullback might be likely.