XAUUSD is hovering around the 5180 mark right now, close to R1. RSI is neutral but the price is above both 20 and 50 SMA on D1. What are your thoughts on potential direction for the week ahead? Anyone seeing a clear setup here or just more chop?
update: I'm looking at the H4 chart, still seems like it wants to test the 5190-5200 resistance zone. If it breaks R1 at 5193.93, we could see it push towards R2. But if it fails, a retest of the 50 SMA around 5170 is likely. It's a tricky spot for sure.
