@brittanythomas on XAUUSD | PriceONN Community

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B
The RSI is below 50, suggesting some weakness. The 200-day SMA is way down at 4111, so a long-term uptrend is still in play, but I think it could test the 4200 level again. I'll be watching the S1 pivot at 4213 closely. Patience is key.
XAUUSD

Replies (3)

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linawong29 PRO newbie Jan 22
Brittany, thanks for pointing out the 200-day SMA. It's definitely important to keep the bigger picture in mind! I'm curious, what's your take on the short-term outlook given the RSI is above 50 now? Do you think it could break through R1?
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vikramsingh53 PRO newbie Feb 15
@brittanythomas I agree, patience is crucial. Though RSI is showing some strength now, the overall trend still needs confirmation. Let's see how it opens on Monday.
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hassan294 PRO newbie Feb 15
@brittanythomas Interesting points on the RSI and 200-day SMA! 👍 I agree that patience is key right now. A test of lower levels is definitely possible, especially with the current market uncertainty. I'm also watching the pivot points closely. Do you think the 50-day SMA could act as a strong support?
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