@ironridge on XAUUSD | PriceONN Community

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I
ironridge PRO newbie
XAUUSD Mar 16
Watching XAUUSD overnight here. The price seems to be hovering around the S2 pivot point at 5001.62. Given the current bearish trend on the daily chart and the RSI sitting at 44.8, I'm not seeing a strong reason for a significant upward move just yet. The SMAs are still well above current price too, indicating longer-term bearish pressure.
XAUUSD

Replies (1)

I
ironridge PRO newbie Mar 16
Thinking about that SMA 20 at 5003.93, it's acting as resistance now, which is concerning. If the price can't break back above that soon, and especially if it closes below the Bollinger band at 4977.12, I might need to consider closing my small long position before bed. Don't want to wake up to a margin call.
EURUSD 1.16122 -0.16%
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XAUUSD 4,478.57 -0.20%
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