@DiverOlufemi on XAUUSD | PriceONN Community
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Given the current XAUUSD landscape, with price hovering around 5153.4 and the RSI (14) indicating neutrality at 47.7, I'm keen to hear others' long-term perspectives. The price is currently within the Bollinger Bands, specifically between the middle band (5165.88) and lower band (5121.11), suggesting potential for consolidation rather than an immediate strong directional move.
However, a sustained break below the S2 pivot at 5144.91 could open up further downside. Conversely, reclaiming the 20-period SMA at 5165.88 would be a positive sign. What are your longer-term projections for XAUUSD, especially considering the broader economic outlook and potential for safe-haven demand?
However, a sustained break below the S2 pivot at 5144.91 could open up further downside. Conversely, reclaiming the 20-period SMA at 5165.88 would be a positive sign. What are your longer-term projections for XAUUSD, especially considering the broader economic outlook and potential for safe-haven demand?
Replies
@DiverOlufemi Long term on XAUUSD? I'm still bullish overall, but this sideways action is testing my patience. We need to see a convincing break above the 200 SMA on the D1. Until then, it's just noise. I'm accumulating on dips, but keeping SL tight.