@deepika5826 on XAUUSD | PriceONN Community
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Considering the current XAUUSD price action, it's prudent to acknowledge the overbought RSI(14) reading. While the price has broken above the 200-day SMA, a retracement towards the 4986 level, acting as potential support, cannot be ruled out. Monitoring price action around the R1 pivot (5007.46) will be crucial next week. Caution is advised.