@angelajones64 on XAUUSD | PriceONN Community

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angelajones64 PRO newbie
XAUUSD Feb 20
Gold's been trading sideways for a bit, hasn't it? I'm watching the 5000 level closely. If it can break above that and hold, I think we could see a decent move up. Otherwise, a retest of the 4970s is likely. Gonna wait for a clearer signal before adding to my long position.
XAUUSD

Replies (1)

K
kartik7630 PRO newbie Feb 24
Hi @angelajones64, I agree that the 5000 level is crucial. A sustained break above that could definitely trigger a significant rally. However, I'm also watching the Bollinger Bands closely. The upper band around 5252 might act as a strong resistance. A failure to break above that could lead to a pullback. Let's see how it plays out!
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