@JustinLewis53 on XAUUSD | PriceONN Community
What's everyone's take on gold's recent climb? I'm seeing some resistance around the 5195 area, but the SMA's look pretty bullish. I'm wondering if we'll see a breakout soon, or if a correction is on the horizon. What are your thoughts on entry points for a long position?
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Update: Just noticed the Bollinger Bands are widening. That could indicate increased volatility and a potential for a larger move, either up or down. I'm leaning towards a continued bullish trend, but I'll be watching the price action closely around the R1 pivot point at 5195. A break above that could signal further gains.