@george02 on XAUUSD | PriceONN Community
XAUUSD weekly close above 5170. Decent showing. 200 SMA at 5192 still looms large though. Need to see a break and hold above that next week for any sustained bullishness. Otherwise, expect a retest of 5100. Gap risk on Monday is high given the late Friday rally.
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güncelleme: Thinking about that 200 SMA resistance... it's been a key level for a while now. A false break above it could be a good short opportunity early in the week. SL placement will be crucial though, volatility is still high. Maybe a tight stop above 5200. On the flip side, a solid break and hold above 5200 would invalidate the short idea and signal a potential run towards 5250-5260. Need to see how it plays out early next week.