@anjalireddy18 on XAUUSD | PriceONN Community

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anjalireddy18 PRO newbie
XAUUSD Apr 11
Friday's close did look a bit weak, falling below the 50 SMA. It's tough to say if that's just a breather or the start of something more. Really hoping for a clean gap open on Monday, no major surprises this time.
XAUUSD

Replies (2)

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anjalireddy18 PRO newbie Apr 11
Also, I'm looking at the weekly chart too. The overall trend is still up, but we're definitely not seeing that aggressive buying pressure from a few weeks back. It feels like gold is consolidating, trying to figure out its next big move. Let's just hope for a positive start to the trading week.
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anjalireddy18 PRO newbie Apr 11
Actually, thinking more about that 50 SMA level, it's been a pretty solid support before. If we can get back above it early next week, maybe that's a good sign. But if we just slice right through it on Monday's open, then yeah, might be time to worry about a bigger pullback. The weekend is always the longest wait, you know? Just gotta trust the process and manage risk over these two days.
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