@avamartinez48 on XAUUSD | PriceONN Community
XAUUSD is currently exhibiting bullish momentum, confirmed by the RSI above 60 and price action testing the upper Bollinger Band. The 20-day SMA at 5013.48 is acting as immediate support. A decisive break above 5053 could signal further upside potential, targeting the R1 pivot at 5064. However, watch for potential pullbacks towards the SMA.
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Update: A close above 5064 would validate the bullish thesis, with a potential target of 5073.56 (R2). A tight stop-loss around 5040 is advisable to manage risk.