@nurulhuda39 on XAUUSD | PriceONN Community

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nurulhuda39
Okay, so XAUUSD is pushing higher, but I'm being cautious. The SMA 20 and SMA 50 are both below the current price, confirming the bullish trend. 💪 However, I'm seeing some potential resistance around 3890-3900. I'm thinking of waiting for a slight pullback before entering a long position. Ideally, I'd like to see it test the 3880 level again. 🤔

My strategy involves a tight stop loss around 3875 and a TP around 3910. I'm also watching the AUDUSD pair; it seems to be correlated. Anyone else notice that? 🤔 Both charts are looking similar! 📈
XAUUSD

Replies (1)

K
kallen557 PRO newbie Mar 5
@nurulhuda39 I'm still trying to figure out SMAs. So if the price is above the SMAs, that means it's bullish? I'm still learning how to read charts tbh.
EURUSD 1.16150 +0.16%
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XAUUSD 4,442.77 +0.19%
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