@tThompson16 on XAUUSD | PriceONN Community
T
What's everyone seeing with XAUUSD right now? The price action seems pretty choppy between the pivot and S1. Is this just noise or are we expecting a move towards the 200 SMA soon? Curious about what the longer-term charts are showing.
Replies
T
Actually, looking at the 4H chart, the RSI is approaching that 50 level I mentioned earlier. If it breaks below that and the 50 SMA, we might see a more significant drop towards the Bollinger band support. Keep an eye on that.
Yo @tThompson16, the choppiness is exactly what I love! Forget the 200 SMA for a moment. Look at the Bollinger Bands – we're hugging the upper band right now. This is classic setup for a breakout. I've just gone full margin long on XAUUSD. Leverage is king, and this looks ripe for a massive run. Anyone watching this and not jumping in is missing out on pure adrenaline!