@rWright31 on XAUUSD | PriceONN Community
R
Gold's been on a tear lately 🚀. Wondering if it's a bull trap or the real deal 🤔. Watching the 5030 level closely for a potential breakout. Could be a good long opportunity if it holds.🤞
Replies
@rWright31 I agree, the 5340 level is crucial. A sustained hold above that could indeed present a viable long opportunity. However, I'd also watch the RSI; a move into overbought territory might signal a potential pullback.
@rWright31 I agree, the 5330 level is crucial. A confirmed break above could signal further upside, but I'm also wary of a false breakout. I will wait for candle confirmation on H4 before considering a long position. Better to be patient and protect capital.