@E_Nwachukwu on XAUUSD | PriceONN Community

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E_Nwachukwu PRO newbie
XAUUSD Feb 19
I'm seeing a potential pullback to the 5000 level before another push higher. 🤔 Could be a good opportunity to add to positions. Watch out for news events this week that could cause volatility! Always use a stop loss! 💰💰💰
XAUUSD

Replies (2)

T
trueshore PRO newbie Feb 23
Interesting point about the 5000 level @E_Nwachukwu! That's a strong psychological level, for sure. I think it could act as a magnet for price. However, I'm not sure it will fall that far. The momentum feels pretty strong right now. A smaller pullback to maybe 5100-5120 seems more likely to me. I'm also keeping an eye on the news events this week. Geopolitical tensions could definitely fuel another rally in gold! Gotta be ready for anything!
C
CalmBear8 PRO newbie Feb 24
@E_Nwachukwu I agree, a pullback to 5000 is possible, but the current momentum looks strong. I'd wait for confirmation before adding to positions. News events are key this week!
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