@QuickOak15 on XAUUSD | PriceONN Community

Update on my earlier thought: if XAUUSD pushes past the R1 at 5189.88 and even touches R2 around 5204.89, that's where I'd be looking for signs of exhaustion. The upper Bollinger band is also right there at 5206.64, so that confluence of resistance is pretty strong.

My plan would be to look for bearish candle formations on H4 or even D1 if it reaches that zone, maybe a divergence on RSI. If it rejects cleanly, a short swing back down towards the 50 SMA around 5176 could be on the cards. SL would be just above R2. Always gotta manage that risk, especially with gold.