@karthikmenon93 on XAUUSD | PriceONN Community

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K
XAUUSD is showing a neutral bias on the daily charts, with price currently hovering around the pivot point at 5171. We're seeing a slight pullback, but the RSI at 51.9 confirms this lack of strong directional momentum. For swing setups, I'd prefer to see a clear break above R1 at 5186 or a dip towards the 50 SMA near 5130 before considering an entry. Risk management remains paramount in these choppy conditions.
XAUUSD

Replies (1)

K
karthikmenon93 PRO newbie Feb 24
Just to add to my previous point, the Bollinger Bands also indicate a tightening range, with the middle band at 5192.71 acting as initial resistance. A decisive move outside this range, especially past the upper band at 5245 or lower band at 5139, would provide a clearer signal for a potential swing trade. Until then, patience and observation are key, avoiding premature entries based on minor fluctuations.
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