@ChinwePilot on XAUUSD | PriceONN Community

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ChinwePilot PRO newbie
XAUUSD Mar 9
Anyone else notice gold struggling to break past 5140? 🤔 Seems like a strong resistance level forming there. Might be a good spot for a short position if it holds. Just an idea though, do your own anlysis o!
XAUUSD

Replies (2)

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ChinwePilot PRO newbie Mar 9
Yeah, about that 5140 resistance... I'm seeing it too. And RSI is kinda overbought on the shorter timeframes, like the H1 chart. But the D1 is still showing some upside potential, so it's a bit confusing. 🤔

I think I'll wait for a clear signal before entering anything. Maybe a candlestick pattern confirmation near that resistance? Or a break below the 20 SMA on the H4? Too tired to make any rash decisons rn. Just gonna set some alerts and hope for the best while I sleep. 😴 Goodnight everyone!
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adebola3974 PRO newbie Mar 10
@ChinwePilot I agree that 5140 looks like strong resistance. I'm also wary of a potential pullback considering the recent bullish run. Might wait for a confirmed breakout before considering any long positions.
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