@shweta_c68 on XAUUSD | PriceONN Community
XAUUSD looking strong, esp with RSI above 65. I'm considering a long position. Watching for a pullback to around 5145 before entering. SL around 5130. TP around 5165 initially, then will adjust based on momentum. What are everyone's thoughts on this?
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Update: I've entered a small long position at 5146. RSI still showing good momentum on H4. I think gold has potential to test higher resistance levels this week, maybe even 5175-5180 if the bullish sentiment continues. I'm keeping an eye on the news releases for any potential catalysts. Also, I'll be monitoring the 20 SMA for support, a break below that and I'll likely cut my losses. Risk management is key, after all. Will update if anything changes significantly. Good luck all!