@OliviaRodriguez31 on XAUUSD | PriceONN Community

Adding to my previous analysis, I'm also considering the pivot points. We're currently just below the pivot point at 5183.46, which is another level to watch. If we can break above that pivot point, the R1 resistance at 5191.18 could be the next target. I think I might wait for a clear break above both the 200 SMA and the pivot point before entering a long position. I'm still learning about risk management, so I want to be as careful as possible. Maybe a smaller position size to start, just to test the waters? Thoughts?

Okay, so I've been watching XAUUSD a little longer now, and I'm starting to lean a bit more bullish. The price is still holding above that 50 SMA, which is a good sign. Plus, if we look at the Bollinger Bands, we're pretty close to the lower band, which could indicate a potential bounce. However, the 200 SMA is just above us, acting as resistance around 5186. I'm thinking if we can break above that, it could be a good confirmation for a long position. What do you guys think about using the 200 SMA as a confirmation signal?