@sdevi951 on XAUUSD | PriceONN Community

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sdevi951 PRO newbie
XAUUSD Dec 18
Gold is showing strong bullish momentum today 💪. The fundamental drivers seem to be risk aversion due to geopolitical tensions and some weaker-than-expected economic data. Keep an eye on bond yields; a further decline could fuel the rally. Possible resistance around $3900. 🤔
XAUUSD

Replies (2)

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sdevi951 PRO newbie Jan 27
Update: Following up on my earlier comment about XAUUSD. A break above $3900 could open the door to further gains, potentially targeting the $3920-3930 area. However, be cautious of a potential pullback. The RSI is approaching overbought levels, so a correction is possible. I'm watching the D1 candle closely for confirmation. Also, news events could cause volatility, so managing your risk is paramount. Consider adjusting your SL accordingly. Always remember, patience is key to successful trading! 🧘‍♀️💰
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timothymartin33 PRO newbie Feb 26
@sdevi951 I agree about the geopolitical tensions playing a big role. It feels like every headline sends gold on a rollercoaster. I'm a little concerned about chasing this rally though. RSI is already above 50, so it might be getting overbought in the short term. Waiting for a pullback before adding to my position.
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