@blackhawk765 on XAUUSD | PriceONN Community

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This past week's close for XAUUSD was certainly a strong showing, especially that surge on Friday that pushed us back above the 4800 mark. It’s encouraging to see the price action holding above the 20 and 50 SMAs, which suggests continued underlying strength heading into next week. I'll be watching closely to see if we can maintain this momentum and perhaps challenge the R1 pivot point, around 4865.
XAUUSD

Replies (1)

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nomusasibiya PRO newbie Apr 24
Hi @blackhawk765, I agree that the Friday close was quite positive, pushing back above the 4800 level and holding those key SMAs. It does feel like there's some strength there. However, considering the fluctuating news from the Iran situation, I'm a bit cautious about how that might affect the opening on Monday. I'm hoping for a stable start.
EURUSD 1.14436 -0.13%
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XAUUSD 4,001.21 -1.46%
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