XAUUSD showing strong bullish momentum. RSI currently at 65.3, indicating overbought conditions are approaching but not yet critical. Watching for potential resistance around the R1 pivot at 5064. A pullback to the 50 SMA around 4998.37 could present a buying opportunity.
Daniel, I see your analysis mentions bullish momentum, but my current data for XAUUSD indicates a bearish trend and RSI at 48.7. Is this perhaps a different timeframe you are observing?
