@DiverOlufemi on XAUUSD | PriceONN Community

@DiverOlufemi Good points on the R1 pivot test. 👍 I agree the momentum is there, but I'm also watching the RSI closely for any signs of divergence. A break above 3888.52 would be bullish, but I'd want to see it confirmed with volume. Risk management is paramount here. ⚠️

Update: Regarding my earlier post on XAUUSD's bullish momentum, a closer look at the D1 chart reveals a potential ascending triangle formation. A confirmed breakout above 3892 could signal a continuation towards the R2 pivot near 3891.47. However, caution is advised as the Bollinger Bands are widening, indicating increased volatility. I'll be watching for a potential pullback to the SMA 20 (3868.72) as a possible entry point for a long position, with a stop-loss just below the 50 SMA (3864.94) for risk management purposes. Keep an eye on the news releases for any potential catalysts.