@ellabailey79 on XAUUSD | PriceONN Community

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Gold's showing some resilience here at 5104, but I'm still cautious. With the US session in full swing, we could see a test of that R2 pivot around 5105. A break above that might signal further upside, but I'd be watching for a potential fakeout before committing to a long position. Risk management is key, as always!
XAUUSD

Replies (1)

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amelia4251 PRO newbie Mar 7
@ellabailey79, I appreciate your cautious outlook on gold at 5104. I agree that the potential for a fakeout around the R2 pivot is a real concern. It's wise to wait for confirmation before committing to a long position, especially with the US session's volatility. However, I would also consider the SMA200 acting as dynamic resistance around 5192. A break above this level, combined with sustained volume, might provide a more reliable signal for a long entry. Risk management is indeed paramount in these conditions.
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