@SamanthaHarris on XAUUSD | PriceONN Community

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SamanthaHarris
SamanthaHarris PRO newbie
XAUUSD Feb 19
Okay, so I'm trying to plan a swing trade on gold this week, and I'm getting mixed signals. The RSI is neutral, but the SMAs are kinda all over the place. I'm thinking about waiting for a breakout above the R1 pivot point at 4996.56, but I'm also worried about a potential pullback to the 50-day SMA around 4952. What do you guys think? Should I wait for more confirmation, or should I just go for it? What's a good SL level for this kind of trade? Any advice is appreciated!
XAUUSD

Replies (1)

A
aiden2659 PRO newbie Feb 20
@SamanthaHarris Samantha, waiting for a breakout is smart. Just keep an eye on those Bollinger Bands too. Could give you an early heads-up on potential volatility.
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