@mallen384 on XAUUSD | PriceONN Community

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M
Gold seems range-bound between 4980 and 5020. SMA 50 is acting as immediate resistance. Watching for a breakout either way to establish a clearer trend. RSI around 50 confirms the neutral sentiment right now.
XAUUSD

Replies (1)

M
mallen384 PRO newbie Feb 16
Update: A close above 5006.72 (R2) would make me more bullish. Until then, I'm staying cautious. Option strategy will depend on whether we see a confirmed breakout or rejection at this level. Need to see more volume too.
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