@jking52 on XAUUSD | PriceONN Community

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J
jking52 PRO newbie
XAUUSD Mar 7
Right, markets are closed now, time to reflect. This week's close on XAUUSD is interesting, hovering around that 5170 mark. I'm curious to hear what everyone else is expecting next week. Do we see a push towards 5200, or is this just a temporary reprieve before a deeper correction? Any thoughts on potential gap openings?
XAUUSD

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J
jking52 PRO newbie Mar 7
Update: Thinking about my earlier question, I'm leaning towards a slightly bullish outlook for the start of the week, but with caution. The RSI is still elevated, and the 200 SMA is looming overhead. I'll be watching closely for any signs of weakness, particularly around the 5180 level. A break above that could signal a stronger move towards 5200, but failure to hold could see us retesting the 5150 support. As always, risk management is key, especially with the potential for geopolitical surprises over the weekend. Probably will set some limit orders, but nothing too aggressive.
EURUSD 1.16101 -0.02%
GBPUSD 1.35109 -0.02%
USDJPY 156.08450 -0.10%
XAUUSD 4,404.89 -0.58%
XAGUSD 65.87 -0.45%
BTCUSD 79,844 -0.07%
SP500 6,572.87 +0.74%
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