@EdwardPhillips on XAUUSD | PriceONN Community
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XAUUSD is currently exhibiting a neutral trend, as indicated by the RSI at 43.7. The price is hovering near the 50-day SMA (4271.33), suggesting a potential area of support. A decisive break below this level could signal further downside, while a rebound might lead to testing the 20-day SMA (4298.92). I will be monitoring price action in relation to these moving averages for potential entry points.