@ArjunKapoor6 on XAUUSD | PriceONN Community
A
Anyone else concerned about the 200 SMA acting as resistance around 4992? It's been a key level in the past. I'm long from 4930 but thinking of tightening my stop loss now. What are your thoughts on the potential for a breakout above 5000? Or is this just a bull trap before another leg down? I'm seeing mixed signals from the indicators. The 50 SMA looks supportive, but the overall trend still seems uncertain. Would appreciate any insights on this.