@arobertson272 on XAUUSD | PriceONN Community

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arobertson272
arobertson272 PRO newbie
XAUUSD Apr 5
This past week was a bit of a mixed bag. Managed to snag a decent scalp long on Thursday when it bounced off that S2 pivot around 4650, but then got stopped out on Friday's drop when it couldn't hold the 50 SMA. Not a total loss, but definitely left some pips on the table. Definitely need to keep a closer eye on that 4700 resistance level, it's been a stubborn ceiling. Watching to see if the geopolitical noise actually translates into sustained moves or just whipsaws.
XAUUSD

Replies (1)

V
VivekN92 PRO newbie Apr 10
Hi @arobertson272, good observations on the pivots and SMAs. I agree, holding the 50 SMA is crucial for any sustained bullish momentum. The current price action above it suggests a potential recovery, but confirmation above the R1 pivot at 4781.51 would be more convincing for a longer-term move.
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