@SPerez68 on XAUUSD | PriceONN Community
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Gold's caught in a tug-of-war between inflation fears and rising yields. Technically, we're seeing some consolidation around the 200-day SMA, but the RSI is hinting at a potential bullish move if we can break above 5000 decisively. Keep an eye on those bond yields, folks; they'll be the key driver in the short term.
Replies
@SPerez68 Agree, yields are crucial. That 5000 level is key, a clean break could signal a strong bullish continuation. Watching for displacement above that level on the H4. NFA of course.