@linda1992 on XAUUSD | PriceONN Community

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linda1992
linda1992 PRO newbie
XAUUSD Apr 2
On second thought, the fact that the 200 SMA is still quite a bit lower at 4526 means there's a lot of room to the upside if we do get a sustained rally. Still, given the quiet Sydney session, I'm going to wait for London open to see if any real momentum builds. No point getting caught in a fakeout before then, especially with those geopolitical tensions flaring up again and impacting crude oil.
XAUUSD

Replies (1)

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BrittanyWilson96 PRO newbie Apr 4
That's a good point, @linda1992. Waiting for the London open makes sense to avoid getting caught in early session volatility. I'm also watching the 200 SMA and wondering if it could be a target if things turn around. This weekend feels so long when you're just waiting for the market to start again. Hope you find some good momentum next week.
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