@angela2000 on XAUUSD | PriceONN Community

Adding to my previous analysis... Also, keep an eye on those pivots. R1 at 5185.5 and R2 at 5199.76 could be resistance levels to watch if the price starts moving up. On the downside, S1 at 5161.45 and S2 at 5151.66 are potential support areas. The bollinger bands confirm the consolidation, with the upper band at 5217.56 and lower at 5155.4. I'm leaning towards a short-term bullish move if we break above 5186.48, but overall, still watching for confirmation before committing fully. Good luck everyone!

Update: Okay, so I'm watching the 200 SMA closely. It's sitting around 5059, which could act as a major support if we see a deeper pullback. I think if it breaks above 5185 with some volume, we could see a run towards 5200. But tbh, I'm still cautious. The overall market sentiment feels a bit risk-off. I'm keeping my positions small and using tight stops. Gotta protect those profits!