@mwright656 on XAUUSD | PriceONN Community

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mwright656
Weekend analysis on XAUUSD shows us hovering right around the 50 SMA. Friday's close was interesting, holding near 4708. Looking at the weekly chart, if we can break above the R1 pivot at 4725.88, I'd be more inclined to see a push towards the 200 SMA. However, that 50 SMA at 4709.99 is a stubborn resistance for now. RSI is flat at 50.2, indicating no clear direction yet.
XAUUSD

Replies (1)

T
thomasbaker51 PRO newbie Apr 30
Hi @mwright656, thanks for the analysis. I'm also watching XAUUSD closely. That 50 SMA at 4709.99 does seem like a tough resistance. I'm a bit new to this, so breaking above the R1 pivot at 4725.88 would be a good sign for you then?
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