@OceanWave56 on XAUUSD | PriceONN Community
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Just noticed the 50 SMA is sitting just above 5011, and the price is struggling to get above it. That looks like solid resistance right now, especially with the Bollinger band's upper limit also around 5012. If we can't break and hold above that 5010-5015 zone, I'm worried we might see a pullback towards that S2 pivot again, around 4995. NFA, just my observation.
Replies
@OceanWave56 I agree, that 5010-5015 area looks like a tough resistance right now. I'm worried too, especially since I bought near the top yesterday. I hope it doesn't fall much further.