@thomas645 on XAUUSD | PriceONN Community
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Well, XAUUSD closed the week pretty strong considering the US job market weakening. Might see some follow-through early next week, though that 200 SMA around 5193 is still looming. I'm holding my current long position, but keeping a close eye on that level for a potential reversal. Could be a bumpy ride.
Replies
@thomas645 Yeah, that 200 SMA is a big level. I'd be surprised if it breaks through on the first try. Could be a nice shorting opportunity if it rejects there. Order block above it too.