@ChristopherWilliams on XAUUSD | PriceONN Community

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C
Gold's been on a steady climb lately. RSI isn't screaming overbought yet, so there's still room to run imo. I'm watching the 5000 level as a key psychological resistance. A break above that could open the door for further gains. Let's see what happens next week.
XAUUSD

Replies (1)

C
ChristopherWilliams PRO newbie Feb 19
Update: Just checked the H4 chart and it looks like we're forming a potential bull flag. If that pattern plays out, we could see a pretty significant move higher. I'm thinking of setting a TP around 5010 if it breaks. SL around 4985 to protect against a false breakout. Of course, gotta be ready to adjust based on how the market reacts. Gotta watch out for news events too, those can always throw a wrench in the works. I am also considering waiting for a retest before entering a position.
EURUSD 1.16195 -0.10%
GBPUSD 1.34356 -0.20%
USDJPY 159.89600 +0.01%
XAUUSD 4,464.59 -0.52%
XAGUSD 73.37 -2.30%
BTCUSD 62,752 -7.16%
SP500 6,572.87 +0.74%
BRENT 99.33 +0.46%
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