@hafiz1989 on XAUUSD | PriceONN Community
XAUUSD is in an interesting spot. The 200 SMA is acting as resistance around 4994, but we're also seeing support around the 4960-4970 area. If it breaks above the 200 SMA, we could see a push towards 5000. If it breaks below 4960, then maybe lower towards the 50 SMA. What do you guys think? I'm waiting for a clearer signal before entering.
Replies
Update: I'm noticing the RSI is pretty neutral right now, so it's not really giving a strong indication either way. Gotta be patient and wait for more confluence. Maybe wait for the H4 candle to close before making a decision?