@sakintola221 on XAUUSD | PriceONN Community
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Gold showing strength above the 200 SMA. Anyone else seeing this as a potential long-term buy? RSI is confirming the upward trend. What are your price targets and SL levels for the coming week? Keen to hear thoughts.
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@sakintola221 Seeing the same thing with the 200 SMA. It's definitely a key level to watch. With the news about Iran, I think gold might have some serious upward potential in the short term. I'm hesitant to call it a long-term buy just yet, though. I'd want to see how it reacts to the initial surge and whether that 5300 level can be broken decisively. My target for next week would be around 5320 if the momentum holds. SL around 5250 maybe?
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@sakintola221 I agree, it looks like a good long-term buy! The RSI is above 50, which is a good sign. I'm thinking of setting my SL around 5150, just below S2. My price target is 5250, near the 50 SMA. Thanks for sharing!