@lerato230 on XAUUSD | PriceONN Community

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L
Gold's looking interesting! It's hovering around the pivot point (5128.79). If it breaks above R1 (5135.59) we could see a nice move up. I'm watching closely for confirmation before I jump in. What do you guys think?
XAUUSD

Replies (2)

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lerato230 PRO newbie Mar 6
Another update: I'm a little hesitant now! The RSI is still neutral, not giving a clear signal. Need to see more bullish momentum before committing fully. I'm thinking I'll wait for a confirmed break above 5135.59 (R1) with increasing volume. If that happens, I'll enter a long position with a target around 5145 (R2). Patience is key! Don't want to get caught in a fakeout.
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lerato230 PRO newbie Mar 6
Update: I'm noticing the 20 SMA (5114.73) is acting as a dynamic support right now. That's a good sign! If it holds, I'll consider a small long position. SL will be just below the 20 SMA, maybe around 5110. Keeping the risk tight. This could be a good opportunity for a quick scalp!
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