@JustinLewis53 on XAUUSD | PriceONN Community

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JustinLewis53
JustinLewis53 PRO newbie
XAUUSD Feb 27
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?
XAUUSD

Replies (1)

JustinLewis53
JustinLewis53 PRO newbie Feb 27
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.
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