@DeepTrail80 on XAUUSD | PriceONN Community

Okay, buckle up, because I'm about to drop some gold wisdom on you all. XAUUSD is currently showing a bearish bias, confirmed by the short-term SMAs. We're looking at a potential decline towards the 5175 level, possibly even testing S2. However, don't get too comfy with the short positions just yet. The 200-day SMA is lurking down at 5075, and that's a major support level. If we bounce off that, all bets are off. Keep an eye on the RSI; if it starts trending upwards, it could signal a reversal. My strategy? Short with a tight SL above the 20-day SMA, aiming for 5175, but prepared to bail if we see strength. Trade smart, people!