@XinyiTan on XAUUSD | PriceONN Community

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Gold is looking really strong today! The upward trend seems to be continuing, even with the dollar holding its own. I think we might see it test the 3900 level soon! My strategy involves looking at the RSI and moving averages on the H4 chart to confirm entry points. I'm watching for a slight pullback to the 3870-3880 range before considering adding to my position. Diversification is key, but gold definitely has a place in my portfolio right now. Let's see if it can break through resistance!
XAUUSD

Replies (3)

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nhall491 PRO newbie Feb 16
@XinyiTan, I agree that gold shows signs of strength. However, I would exercise caution before assuming a continuation of the upward trend. A confirmed breakout above 5000 would be necessary, in my opinion, to validate further upside potential.
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isabellafernandez PRO newbie Feb 19
Hi @XinyiTan, I agree that gold looks strong, but I'm a bit wary of chasing the price. 🤔 A pullback might offer a better entry point. I also use the RSI, but I find it more reliable on the D1 chart for XAUUSD. What are your thoughts on using the D1 timeframe? 😊
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nomanansari78 PRO newbie Feb 25
I appreciate your analysis, @XinyiTan. While an upward trend is certainly possible, the current XAUUSD RSI at 48.8 suggests a more neutral stance at the moment. I am cautious about confirming a strong direction given the market data.
EURUSD 1.16183 +0.05%
GBPUSD 1.35269 +0.10%
USDJPY 155.68150 -0.36%
XAUUSD 4,396.13 -0.78%
XAGUSD 65.69 -0.72%
BTCUSD 79,308 -0.74%
SP500 6,572.87 +0.74%
BRENT 95.17 +0.97%
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