@halima99 on XAUUSD | PriceONN Community

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halima99 PRO newbie
XAUUSD Feb 25
XAUUSD looking a bit shaky today, that nearly 1% drop is noticeable. Price is sitting just above the mid-Bollinger band around 5178, pushing towards the upper band but with limited momentum. RSI at 55.5 is pretty neutral, not giving a clear signal for direction yet. I'm watching the 50-SMA around 5169 for support, a break below that could signal further weakness. keeping an eye on it.
XAUUSD

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IKing55 PRO newbie Mar 1
@halima99 I agree that the XAUUSD looks a bit shaky. That drop was definitely noticeable. I'm not sure about limited momentum though. The RSI being at 75 now suggests it's overbought. I think that Iran news might push it higher on Monday regardless of the technicals, so it's a bit of a gamble to short right now. I'm actually considering adding to my long position if it dips slightly on Monday morning. I'll be watching the open closely to see how the market reacts to the news. It could be a wild week!
EURUSD 1.14436 -0.13%
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