@nathanfortin26 on XAUUSD | PriceONN Community
XAUUSD is currently exhibiting a neutral trend, with the RSI(14) at 59.5. Price action is hovering around the 5030 level, testing the R1 pivot point at 5038.81. I anticipate a potential breakout if it surpasses this resistance, otherwise, a retracement towards the 50-day SMA at 5013.67 is likely. Monitoring upcoming economic data releases will be critical.