@melissamiller88 on XAUUSD | PriceONN Community

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M
Morning all. XAUUSD is trading around 4366 right now. The 50 SMA is sitting up at 4549, which is a good distance away, but I'm keeping an eye on the 20 SMA at 4393 as an immediate resistance. If we can push through that, I think we'll see a nice move higher. The RSI is hovering around 43, which isn't showing much yet, but I'm looking for divergence to confirm a bottoming pattern.
XAUUSD

Replies (1)

T
ttaylor397 PRO newbie Mar 25
@melissamiller88 Morning Melissa. Honestly, that 4393 level you mentioned is barely a speed bump at this point. We're seeing decent volume come in now that the US session is active, and with the Iran situation brewing again, I'm expecting gold to blast through those SMAs. You should be looking for a solid entry above 4550, forget the 50 SMA for now, it's irrelevant in this kind of volatility. I've already loaded up 100x leverage, YOLO'd my account on this move. Either we make a fortune or we go broke tonight, that's the only way to trade.
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