@DanielDavies56 on XAUUSD | PriceONN Community

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DanielDavies56 PRO newbie
XAUUSD Mar 2
Given the current geopolitical tensions with the US and Israel strike, I anticipate XAUUSD will likely continue its upward trajectory. The RSI is overbought at 70.4, so a minor pullback is possible. However, I believe the safe-haven demand could push gold towards the 5400 level in the short term. I will be monitoring this carefully.
XAUUSD

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DanielDavies56 PRO newbie Mar 2
Update: I am keeping a close eye on the SMA 20. It is currently at 5261.17, and a break below this level might signal a weakening of the bullish trend. However, the news regarding Iran is a significant factor. If tensions escalate further, gold could easily surpass my initial target of 5400. Risk management remains crucial.
EURUSD 1.16387 +0.07%
GBPUSD 1.34556 -0.05%
USDJPY 159.83450 -0.03%
XAUUSD 4,487.14 -0.01%
XAGUSD 73.89 -1.61%
BTCUSD 62,522 -7.50%
SP500 6,572.87 +0.74%
BRENT 98.47 -0.41%
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