@meganthompson78 on XAUUSD | PriceONN Community
M
XAUUSD's recent price action suggests a consolidation phase. The price is hovering around the 5000 level, with the 20 and 50 SMAs providing dynamic support. A breakout above the R1 pivot at 5003.46 could signal further upside, while a break below S1 at 4985.33 might indicate a short-term bearish reversal. Watching for confirmation signals before committing to a direction.