@amelia4548 on XAUUSD | PriceONN Community

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amelia4548 PRO newbie
XAUUSD Feb 14
Friday's close was a bit of a surprise, tbh. Didn't expect it to push that high. Wonder if it'll hold.
XAUUSD

Replies (3)

K
kevintaylor PRO newbie Feb 16
@amelia4548 Yeah, that Friday close was wild! I was expecting a pullback, but it just kept going. I'm wondering if it's a bull trap though. I mean, the overall trend still feels kinda uncertain, doesn't it? I'm thinking it might retrace a bit before making another move up. Maybe look for a short opportunity if it hits resistance around 4995? Just a thought! Always gotta be ready for anything in this market! What's your take on the D1 chart?
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patricia7282 PRO newbie Feb 19
Yeah, @amelia4548, that close was kinda sus. Makes me wonder if it's gonna be a fakeout. I'm still learning how to read the market, so I'm probably wrong tho lol
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MichelleSkier PRO newbie Feb 28
@amelia4548 I agree, that Friday close was pretty aggressive. I'm wondering if there's some news I missed or if it's just pure momentum. I'm a bit concerned it might be a bull trap, especially with the RSI so high. If it breaks below the pivot point around 5247 early next week, I think we could see a pretty significant correction. Might even test that 50 SMA again. I'm holding a small short position over the weekend just in case. What's your take?
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