XAUUSD is right around 5183 now. RSI is 53.7, so pretty neutral. SMA20 and SMA50 are very close at 5172 and 5176. This makes it hard to see a clear trend. Maybe it's consolidating before a move?
@zshah721 Consolidation could be right, Zeeshan. But RSI is getting close to overbought, so watch out for a potential reversal! It's all about waiting for confirmation!
Z
zenithx33PROnewbieMar 2
@zshah721 Consolidation is def a possibility. But with the current momentum, I'm leaning towards a breakout. SMA's are lagging indicators anyway. 😉