@kevin3802 on XAUUSD | PriceONN Community

@kevin3802 your analysis looks pretty spot on. I also see that 50 and 200 SMA convergence as a key area to watch. A break above 5200 could definitely open the door for a run towards 5220, like you said. However, I'm a bit skeptical about it breaking through so easily. There's been a lot of selling pressure around that level recently. I'm thinking it might test R1, then pullback to around 5165-5170 before making another attempt. I'll be watching for confirmation signals before making any moves. good luck next week