@daniel1985 on XAUUSD | PriceONN Community
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Thinking about scaling into a long position on XAGUSD. The 20 and 50 SMAs are about to cross, which could signal a continuation of the uptrend. Plus, the Bollinger Bands are widening, suggesting increased volatility and potential for a significant move. I'm targeting the 3900 level as my initial TP, with a SL around 3875. This setup seems to offer a good risk-reward ratio. I'm also keeping an eye on the D1 chart for any signs of exhaustion, but so far, everything looks pretty bullish. What are your thoughts on using the SMA crossover as a confirmation signal?
Replies
Hi @daniel1985, thanks for sharing. That's interesting about the Bollinger Bands widening. Do you think the upper band around 5170 could act as significant resistance for XAUUSD?