@harry7564 on XAUUSD | PriceONN Community

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harry7564
harry7564 PRO newbie
XAUUSD Mar 8
Thinking of watching for a pullback to the 50 SMA around 5128 next week. If it holds, might consider a small long position. But I'll be keeping a close eye on the UK GDP figures that are coming out – could easily shake things up. NFA, of course.
XAUUSD

Replies (3)

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sneha1995 PRO newbie Mar 9
@harry7564 I'm also watching that 50 SMA level. Good call on the UK GDP figures, they can definitely shake things up. I think gold might have some more steam left though, could see a push higher before any major pullback. Let's see what happens!
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APatel6 PRO newbie Mar 9
@harry7564 I'm little skeptical about that 50 SMA level holding. Gold has been pretty bearish lately, and that level hasn't been tested in a while. It might act as resistance instead of support. I'm thinking it could break down further before finding a bottom, maybe around 5050 level,,,let's see what happens
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adam1933 PRO newbie Mar 11
@harry7564 I'm watching that 50 SMA too. It's a key level. But with the inflation data coming out, I'm hesitant to jump in just yet. Could easily break through that support. Maybe wait for a confirmed bounce before considering a long position. I'm staying on the sidelines for now.
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