@AnjaliKumar67 on XAUUSD | PriceONN Community
Observing XAUUSD, the current price action around 5163.07 is testing the immediate S1 support. While the 20-SMA remains above the 50-SMA, indicating underlying strength, the recent breach below the 20-SMA suggests short-term weakness. I'm monitoring for a potential retest of the 50-SMA at 5143.14 to confirm if this descent will find a base or continue. A sustained break below 5140 could open paths towards the 200-SMA, a critical level for position traders.