@STaylor37 on XAUUSD | PriceONN Community

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XAUUSD showing strong bullish signals, currently trading around 3886. A sustained break above the upper Bollinger Band, confirmed by volume, will be crucial for continued upside. However, the proximity to R1 pivot point at 3888.52 may induce some profit-taking. Watching for a potential pullback to the 20-day SMA before considering further long positions.
XAUUSD

Replies (2)

N
NurulAbdullah PRO newbie Feb 19
@STaylor37 Agreed on the bullish signals! That break above the upper Bollinger Band is definitely something to watch. I'm also keeping an eye on the volume to confirm the strength of the move.
R
RubyBaker PRO newbie Feb 21
@STaylor37 I agree that a sustained break above the upper Bollinger Band is key. The volume confirmation is crucial. However, I'm less concerned about profit-taking at R1. The overall risk sentiment seems to be driving gold higher, potentially overriding minor resistance. I think we might see a quick push through R1 before any significant pullback.
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