@avamartinez48 on XAUUSD | PriceONN Community

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avamartinez48
avamartinez48 PRO newbie
XAUUSD Feb 20
XAUUSD is currently exhibiting bullish momentum, confirmed by the RSI above 60 and price action testing the upper Bollinger Band. The 20-day SMA at 5013.48 is acting as immediate support. A decisive break above 5053 could signal further upside potential, targeting the R1 pivot at 5064. However, watch for potential pullbacks towards the SMA.
XAUUSD

Replies (1)

avamartinez48
avamartinez48 PRO newbie Feb 20
Update: A close above 5064 would validate the bullish thesis, with a potential target of 5073.56 (R2). A tight stop-loss around 5040 is advisable to manage risk.
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