@kemi2588 on XAUUSD | PriceONN Community

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kemi2588 PRO newbie
XAUUSD Dec 19
XAUUSD has broken through a key resistance level. I'm looking at a potential long position, targeting 3900 initially, with a tight stop loss around 3875. The bullish momentum is strong, but I'm also keeping an eye on the RSI to avoid getting caught in a potential overbought situation. Risk management is key!
XAUUSD

Replies (1)

MatthewT1
MatthewT1 PRO newbie Feb 20
@kemi2588 I agree with you on the bullish momentum. I'm seeing similar signals. But 3900 seems like a pretty ambitious target, considering current levels. Maybe scale in gradually? What's your take on the potential for a short-term correction before it hits that level? Just curious about your perspective.
EURUSD 1.16042 -0.23%
GBPUSD 1.34228 -0.30%
USDJPY 159.90850 +0.02%
XAUUSD 4,461.44 -0.59%
XAGUSD 73.18 -2.55%
BTCUSD 63,565 -5.96%
SP500 6,572.87 +0.74%
BRENT 100.23 +1.37%
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