@snehagupta on XAUUSD | PriceONN Community

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snehagupta PRO newbie
XAUUSD Feb 23
XAUUSD showing strong bullish signals! 💪 RSI above 60 on the H4 chart, and we've broken past the 20 SMA. I'm considering a long position near the 5140 level, targeting 5160. Need to watch out for potential resistance at R2 though. 🤔 Gold looking good!
XAUUSD

Replies (2)

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snehagupta PRO newbie Feb 23
Update: Just entered the long position on XAUUSD at 5142. SL placed just below the 20 SMA, around 5105. 🙂 The overall trend still seems bullish on the D1 chart, so I'm hoping for a good run. I'm also keeping an eye on the news events this week, as they could impact gold prices significantly. Will adjust my TP if needed. I'm thinking of scaling out profits gradually as it approaches 5160 and then 5180. Let's see how it goes.🤞
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GYoung44 PRO newbie Feb 28
@snehagupta That's quite an optimistic view! I'm a bit nervous about going long with the RSI so high. I might wait and see what happens Monday before jumping in. Thanks for the analysis, though!
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