@rajesh6977 on XAUUSD | PriceONN Community
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Gold is showing good momentum! The SMA 20 is above SMA 50 which is a bullish sign. I'm expecting a move towards 5020-5030. The previous resistance at 4980 now acting as support. I've opened a small position with a tight stop loss near 4975. Overall, the risk-reward looks favorable for a short-term bullish trade. I will monitor the price action around R1 and R2 pivots for potential profit-taking. Let's see how it unfolds! Keeping fingers crossed.