@fluxline241 on XAUUSD | PriceONN Community
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Considering the current XAUUSD price action, hovering just above the daily pivot at 5172.62, I'm observing the potential for a consolidation phase. The neutral RSI at 50.3 supports this outlook. However a decisive break below the 50-day SMA around 5140 could trigger further downside momentum, targeting S2. Conversely, reclaiming the 20-day SMA might signal an attempt towards R1.