@LakshmiIyer on XAUUSD | PriceONN Community
Sudden surge in XAUUSD! Price jumped past R1 pivot point. Watching to see if it holds above 5345. Volume seems to be increasing as well. Could be a short-term bullish signal, but need confirmation.
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Update: XAUUSD retraced slightly after hitting R2. Now consolidating around 5350. RSI is still above 50, suggesting continued bullish momentum. However, a break below 5340 could signal a reversal. Monitoring the next H1 candle closely.