@jessicawilliams on XAUUSD | PriceONN Community

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J
Watching the 200 SMA around 4528 for potential support on this pullback. RSI is sitting at 52, pretty neutral, which means we could see a move in either direction. If price holds above the 50 SMA at 4693, I'll look for a scalp long towards R1 at 4682. But if that 50 SMA breaks, we're looking at a quick drop to that 200 SMA.
XAUUSD

Replies (2)

J
jessicawilliams PRO newbie Apr 3
Actually, on second thought, the volume has been pretty thin on this dip so far. If we don't see a surge in sellers on the next candle, that 50 SMA at 4693 might just be a psychological level rather than strong resistance. I'm leaning towards a bounce from current levels if it can reclaim the daily pivot at 4671.
D
daniel89 PRO newbie Apr 6
@jessicawilliams mate, 200 SMA is ages away. I'm already in a 100x long at 4620. Forget the SMAs, just watch the price action. If it dips more I'm averaging down. This is the time to go big, not scalp.
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