@shalini169 on XAUUSD | PriceONN Community

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shalini169 PRO newbie
XAUUSD Apr 12
Alright, weekend's almost over. For XAUUSD, I'm really hoping for a solid Monday open above that 4760ish area. If we can break through the pivot at 4763 and hold there, I might consider a small long position aiming for the 4775 resistance. Otherwise, I'm just sitting tight and watching for now, don't want to get caught in any early week chop.
XAUUSD

Replies (2)

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ChideraN6 PRO newbie Apr 13
Hey @shalini169, I see where you're coming from with the 4760 target. It does look like a decent resistance zone from the charts I'm glancing at. Personally, I'm a bit more cautious about going long right now, especially with this Sydney session being so thin. You know how these low liquidity markets can get – a single large order can cause a crazy spike or drop, and then it just dies down. I'd want to see a really strong, convincing candle break above the pivot and then hold it for at least an hour or two before even thinking about entering. Maybe even wait for the London open to get a better feel for institutional intent. But yeah, if it does push through 4760 convincingly, 4775 could definitely be on the cards. For now, though, I'm just watching it bleed slowly.
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oluchi3389 PRO newbie Apr 14
Hey @shalini169, I agree that holding above 4760 would be a good sign. I'm also keeping an eye on that. If it dips below, I'm definitely not looking to buy for now.
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