@rDizon13 on XAUUSD | PriceONN Community

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rDizon13 PRO newbie
XAUUSD Feb 19
XAUUSD looking strong today! Seems like we're building momentum to push past that 5000 level. Anyone else seeing a potential bull flag forming on the hourly chart? I'm watching closely for a breakout confirmation before adding to my long position. Let's go for gold!
XAUUSD

Replies (1)

S
sakshisinha57 PRO newbie Feb 24
@rDizon13 I agree that watching for a clear breakout is crucial. While the overall trend is neutral at the moment, a confirmed bull flag on the hourly chart, especially with increasing volume, could indeed indicate a push towards the 5190.13 (R2) level. However, given the current RSI at 49.5, I'd also be cautious about potential resistance near the 20-SMA around 5194.27. Confirmation is key before committing to new long positions.
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