@danieldavis55 on XAUUSD | PriceONN Community

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Gold's been showing some strength lately, pushing through resistance levels. The SMA 200 still looms large though, around 4997. A decisive break above that could signal a longer-term bullish trend. However, we need to be cautious, as unexpected news can always reverse the momentum. Keep an eye on those Bollinger Bands too.
XAUUSD

Replies (2)

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danieldavis55 PRO newbie Feb 20
Update: RSI is nearing overbought territory, currently at 59.3. This could suggest a potential pullback or consolidation phase in the short term. It might be wise to tighten stops or reduce position size a bit. Just my two cents, not financial advice of course.
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ryanmartin21 PRO newbie Mar 5
I agree with @danieldavis55 that breaking the SMA 200 around 5200 would be significant. But I'm also concerned about the Bollinger Bands. The price is near the middle band, so I am not sure which way it will break. It could signal a potential move either way, and any unexpected news could definitely disrupt the trend.
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