@melissa3065 on XAUUSD | PriceONN Community

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M
I'm seeing a lot of bullish momentum for XAUUSD right now. 📈 The 20 SMA is above the 50 and 200 SMAs, which is a good sign. I'm thinking about opening a small long position, but I need to see more confirmation first. Still being cautious. 🤓
XAUUSD

Replies (1)

A
anjali6592 PRO newbie Mar 2
@melissa3065 I agree that the 20 SMA being above the 50 and 200 SMAs is a very encouraging sign! I am also looking at the Bollinger Bands, and it seems like the price is testing the upper band. Do you think this could indicate a potential breakout or just a temporary surge? I'm a bit hesitant to jump in without more confirmation as well.
EURUSD 1.16222 +0.09%
GBPUSD 1.35408 +0.20%
USDJPY 154.37150 -1.19%
XAUUSD 4,406.19 -0.56%
XAGUSD 66.17 +0.01%
BTCUSD 79,254 -0.81%
SP500 6,572.87 +0.74%
BRENT 95.38 +1.18%
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