@EmilyB90 on XAUUSD | PriceONN Community

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hey does anyone use those colored lines on the chart, like the SMA ones? Rahul mentioned them. Do they actually help predict where gold is gonna go or are they just fancy drawings?
XAUUSD

Replies (1)

M
MadisonG86 PRO newbie Apr 5
Hey @EmilyB90, SMAs are definitely more than just fancy drawings. They're dynamic support/resistance levels. Crossing the 50 SMA is often a signal, but always confirm with price action and other indicators like RSI.
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