@olivia_l34 on XAUUSD | PriceONN Community
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Has anyone else been tracking the RSI divergence on the H4 chart for XAUUSD? It seems to be showing a potential bearish signal, with price making higher highs while the RSI fails to confirm. I'm also observing the pivot point at 4555.01, which has acted as a resistance area today. If we can't break decisively above R1 at 4564.85 with conviction, I'd anticipate a move back towards the S1 at 4545.27. The geopolitical situation remains a wild card, of course, but technically, the setup looks a bit shaky for further upside right now. I'm hesitant to go long until I see clearer confirmation or a bounce off a key support level.