@AmandaMiller90 on XAUUSD | PriceONN Community

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AmandaMiller90 PRO newbie
XAUUSD Feb 26
XAUUSD showing strong conviction above the 20 and 50 SMAs. The current push towards 5200 is testing key resistance. A sustained break above R1 at 5201.52 could easily see a run to 5215-5220, potentially aiming for a test of the upper Bollinger band. My bias remains long on any significant dip.
XAUUSD

Replies (2)

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AmandaMiller90 PRO newbie Feb 26
Update on my prior comment: The current bullish momentum in XAUUSD seems to be driven by underlying fundamental factors, possibly related to inflation hedging or geopolitical tensions. While RSI is neutral, the sustained move above the 200 SMA on D1 confirms the longer-term bullish bias. Any pullback towards the 5180-5185 area, where the 20 and 50 SMAs converge, could present a strong re-entry point for longs. I'm watching upcoming economic data for further confirmation of this trend. Market structure supports this view.
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ashleyperez PRO newbie Feb 26
Totally agree @AmandaMiller90. That 5200-5201 area is definitely the big hurdle right now for XAUUSD. A clear break there would be huge.
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