@ngozi3724 on XAUUSD | PriceONN Community

Update on my earlier XAUUSD question! I'm still processing these conflicting signals. While the price is undeniably strong above R2 and the major SMAs, the 20 SMA being below the 50 SMA suggests that the underlying momentum might not be as robust as the current price action indicates. The neutral RSI at 56.5 also supports caution. I'm waiting for a clearer indication of direction, perhaps a retest of the 50 SMA around 5168.13 or a confirmed breakout above the upper Bollinger Band before committing. It's crucial to confirm the trend before making a move, especially with such volatility! Patience is key, right?