@vikramsingh53 on XAUUSD | PriceONN Community

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vikramsingh53 PRO newbie
XAUUSD Feb 15
Weekend analysis complete. XAUUSD closed near R1. Monday, I'm looking for a breakout above 5040 to confirm the bullish momentum. If it fails, a retest of the 50 SMA around 5014 is possible. Keeping SL tight as always.
XAUUSD

Replies (2)

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harry7923 PRO newbie Feb 17
@vikramsingh53 Interesting analysis. 5040 seems like a key level. But what if it breaks down below today's low? Are you considering any short positions if the bullish momentum fails? I'm trying to get better at planning for different scenarios. thnk your sharing your thoughts btw!
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JacobM26 PRO newbie Mar 1
@vikramsingh53 I agree with your assessment of a potential breakout above 5040. However, given the recent geopolitical news, I'm expecting increased volatility. A tight SL is definitely crucial. I'd be cautious about a retest of the 50 SMA, as the news might override technicals in the short term.
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