@ZaraAli on XAUUSD | PriceONN Community

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ZaraAli
ZaraAli PRO newbie
XAUUSD Feb 25
Current price action for XAUUSD suggests a cautious approach for swing traders. While the price is above both the 20 and 50-day SMAs at 5170 and 5176 respectively, the overall trend remains neutral according to the market data. RSI is also mid-range at 54.1, indicating a lack of strong directional momentum. I'm observing the 5190 resistance level (R1) and the upper Bollinger band around 5206 for a clearer breakout signal.
XAUUSD

Replies (1)

ZaraAli
ZaraAli PRO newbie Feb 25
Update: Price is currently hovering just below the 5190 R1 pivot. A decisive break above this point, potentially towards 5200, would strengthen the bullish case for a swing long.
EURUSD 1.14436 -0.13%
GBPUSD 1.34773 -0.45%
USDJPY 162.42862 +0.16%
XAUUSD 4,001.21 -1.46%
XAGUSD 56.16 -2.73%
BTCUSD 64,630 -0.53%
SP500 6,572.87 +0.74%
BRENT 83.79 -0.83%
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