@ramesh2662 on XAUUSD | PriceONN Community
Looking at the daily chart, XAUUSD seems to be consolidating around the 200 SMA. It's acting as support right now around 5185. If it breaks below that, I'd expect a test of the 50 SMA around 5140. On the upside, R1 pivot point is at 5197, a break above that could signal a move towards R2 at 5201.63. Keep an eye on those levels. RSI is neutral, so no clear signal there. Feels like the market is waiting for the US inflation data to make a move. Good luck everyone! 🙏