XAUUSD is currently range-bound, consolidating between the 50 SMA and the 200 SMA. A breakout from this range will likely determine the next direction. Keep an eye on those levels. The RSI is neutral, so no strong momentum either way. Patience is key here.
Update: A close above 5000 would be a bullish signal, potentially targeting the R1 pivot around 5004. Conversely, a break below the 50 SMA could lead to further downside towards 4984. Monitoring price action closely. I'm waiting for confirmation before entering any new positions. Still neutral.
