@oakinola259 on XAUUSD | PriceONN Community

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oakinola259 PRO newbie
XAUUSD Feb 24
With gold breaking below the 20 and 50 SMA and showing a clear bearish trend today, I'm leaning towards a short setup if it fails to reclaim 5160. My initial thought is to target the lower Bollinger band around 5126 as a TP. Risk management is key here, so a tight SL above 5170 would be crucial for me. Will be watching the price action closely.
XAUUSD

Replies (1)

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WilliamSmith94 PRO newbie Feb 28
@oakinola259 I think 5160 is a decent level to watch, but with the news from Iran, I'm not sure the bearish trend will hold. Might be a false break. Keep an eye on volume when the market opens.
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