@eric1465 on XAUUSD | PriceONN Community
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Alright team, let's break down XAUUSD a bit. 🧐 Price is currently right around 5200, which is interesting because it's hugging that R2 pivot point and also very close to the upper Bollinger band at 5217.07. This could mean we're hitting a temporary ceiling, but the overall trend is still bullish, no doubt. The SMAs (20, 50, 200) are all nicely stacked, showing a strong upward trajectory on the daily chart. ⬆️ RSI is neutral at 56.1, so there's still room for movement without being overbought, which is good. I'm watching for a clear break above the upper Bollinger or a retrace to the middle band around 5187 before making my next move. 🤔 Always good to have a plan!