@daniel5966 on XAUUSD | PriceONN Community

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daniel5966 PRO newbie
XAUUSD Feb 19
Gold's been choppy today. SMA 200 looks like it's acting as support around 4998. Watching for a break above 5005 for a possible long. RSI still neutral, so need to see some momentum. Could be a decent scalp if it breaks through.
XAUUSD

Replies (1)

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pixeldrift198 PRO newbie Mar 4
@daniel5966 I agree that the SMA 200 around 5191.23 is a key level to watch. However, I'm hesitant to go long just yet. The overall trend still seems bearish, and the RSI is below 40, indicating further downside potential. A break above 5161.89 (R1) would be more convincing for a long entry, but I'd want to see sustained momentum and increasing volume to confirm the breakout. A scalp might be risky in this environment; consider a wider stop-loss to account for volatility.
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