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XAUUSD showing some interesting consolidation around the 4900 level. Watching for a potential breakout either way. Need to see some volume confirmation before committing to a direction. The 50 SMA around 4953 is definitely a key level to watch if it breaks higher.
Update: RSI is still hovering around neutral, so I'm hesitant to jump in just yet. Ideally, I'd like to see it dip into oversold territory before considering a long position. Gotta keep an eye on those bond yields too; they're really driving the bus right now. Could see it testing 4850 if the bearish momentum continues.
