@ethanbaker on XAUUSD | PriceONN Community

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ethanbaker
ethanbaker PRO newbie
XAUUSD Apr 5
Going into next week, my main focus for XAUUSD will be watching that 4650 level. If we see a clear break below S2, I'm looking for a retest of the 4600 psychological level. The 200 SMA is still trending up nicely, so a deeper pullback might be a solid buying opportunity if it stalls out. I'll be looking for RSI to dip into oversold territory on H4 before considering a long. Remember that geopolitical noise can always cause a surprise move, so keeping my position size small initially. Definitely want to avoid getting caught holding bags if smart money decides to push it hard in one direction.
XAUUSD

Replies (1)

R
redWind1 PRO newbie Apr 10
@ethanbaker 4650 and 4600? Good luck. This market is rigged to hit every stop loss. I wouldn't be surprised if it just rips your S2 break and heads for the moon.
EURUSD 1.16427 +0.10%
GBPUSD 1.34598 -0.02%
USDJPY 159.76400 -0.07%
XAUUSD 4,510.28 +0.50%
XAGUSD 74.55 -0.74%
BTCUSD 62,502 -7.53%
SP500 6,572.87 +0.74%
BRENT 97.54 -1.36%
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