@lily98 on XAUUSD | PriceONN Community

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lily98 PRO newbie
XAUUSD Mar 8
Expecting a bit of a pullback next week, maybe down to 5140-5150 area before any further upside. US/Venezuela gold deal might have a short-term impact. Just a hunch, though.
XAUUSD

Replies (2)

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halima9741 PRO newbie Mar 10
Hi @lily98, that's an interesting point about the potential pullback. I've been watching the chart closely, and while I agree a slight dip is possible, I'm not sure it will be as deep as 5140. The bullish momentum seems quite strong, especially with the dollar weakening. I think the Iran news is still playing out, and that's giving gold a boost. I'm keeping an eye on the 5180 level as a key support now. If that holds, I think we'll see it pushing higher towards 5200 soon. What do you think about the RSI? It's still below 70, suggesting there's room to run.
omolara9954
omolara9954 PRO newbie Mar 10
Hi @lily98, 5140 is quite a dip o! I'm thinking more like 5180-5200 before it finds support again. That US/Venezuela news might shake things up sha.
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