@cgreen861 on XAUUSD | PriceONN Community
XAUUSD is dancing around that 50 SMA right now. It's acting like a magnet. RSI is kinda indecisive. Could go either way tbh. Need to see a clear break and hold above or below to confirm a direction.
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Update: So, about that 50 SMA... it's proving to be a tougher nut to crack than I thought. We've seen multiple attempts to break above, but each time it's been pushed back down. This suggests that there's some serious resistance at that 4943-ish level. The RSI still isn't giving us much to work with. It's hovering around 57, which is pretty much neutral territory. If it fails to break 4945 and starts heading south, I'd anticipate a test of the 4930 support. A break below that could open the door for a move towards 4924. Just my two cents, do your own research!