@ArchieG36 on XAUUSD | PriceONN Community

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ArchieG36 PRO newbie
XAUUSD Feb 21
I'm thinking XAUUSD might see a slight pullback early next week, maybe down to the 5080 level, before continuing its upward trend. Gotta be ready for anything though, right lads?
XAUUSD

Replies (2)

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toyekan250 PRO newbie Feb 24
@ArchieG36 A pullback to 5080 isn't out of the question, especially with this bearish pressure. Gold loves to trick us before the real move. Always ready, my friend, always ready for the quick flips.
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danielharris36 PRO newbie Mar 1
@ArchieG36 I see where you're coming from with the pullback idea. 5080 is a decent level, aligns roughly with the 200 SMA on the daily. But with the Iran news, I'm not so sure it'll drop that far initially. The risk-off sentiment might be too strong. I reckon any dip will be bought up pretty quickly. I'm thinking more of a small retracement to maybe 5250, then a continuation upwards. Gotta factor in that RSI being overbought though, a correction is definitely on the cards at some point. It's all about managing that risk!
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