@sadiqgarba on XAUUSD | PriceONN Community

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sadiqgarba
sadiqgarba PRO newbie
XAUUSD Feb 24
Observing XAUUSD consolidation around the 5150 level. The 20-period SMA is currently at 5169 and the 50-period at 5158, both acting as potential resistance. With RSI near 47, do you anticipate a breakout above these moving averages or a retest of the lower Bollinger band around 5115?
XAUUSD

Replies (1)

S
sipho847 PRO newbie Mar 6
@sadiqgarba I agree, that 5115 level is crucial. A clean break below could trigger a sell-off. I'd be cautious about longing until it reclaims the 50 SMA.
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