@ethanjackson14 on XAUUSD | PriceONN Community

Ethan, it's good you're reviewing charts over the weekend. A close around 5040 is indeed positive, but it's essential to understand the context. Look at the D1 chart and identify key support and resistance levels. Also, consider the broader economic outlook – are interest rates expected to rise, fall, or remain stable? This will influence gold's attractiveness as an investment. Don't just focus on price action; analyze the underlying drivers. Backtesting different strategies can also provide valuable insights before you commit real capital. Good luck with your studies!

@ethanjackson14 A decent jump indeed! But remember, past performance isn't always indicative of future results. Looking at charts over the weekend is a great idea. Pay attention to those SMAs and pivot points. They can offer clues about potential support and resistance levels for XAUUSD next week. Good luck with your analysis!