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Gold seems to be consolidating around the 4930-4940 range. 🤔 RSI is neutral so no strong signals there. Watching for a breakout either way, but leaning slightly bearish given the 50 SMA is acting as resistance. 📉 Will be interesting to see how it plays out this week! 🤞
@amelia03 Interesting points about the 50 SMA acting as resistance. I'm also seeing it around 4938. Do you think it'll break through eventually, or is it more likely to bounce back down? I'm still learning how to read these things.
