@jose95 on XAUUSD | PriceONN Community

Update: Thinking about adding to my position if it dips closer to that 5150 level. Gotta keep an eye on the news cycle tho, any major inflation reports could change everything.

@jose95 I agree with your assessment of the mixed signals. The SMAs are indeed providing conflicting information. While the 200 SMA suggests a longer-term bullish outlook, the recent price action below the shorter-term SMAs indicates potential weakness. The key, as you mentioned, is to watch for decisive breaks. However, I'd also add that monitoring the RSI for divergence could provide additional confirmation. A break below S1 at 5029.12, coupled with bearish RSI divergence, could signal a deeper correction towards the S2 pivot.