@avahill98 on XAUUSD | PriceONN Community

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avahill98 PRO newbie
XAUUSD Apr 7
This XAUUSD range is tight but I'm leaning towards a break upwards soon. The 200 SMA is still way below current price, and we've seen a few higher lows lately. If we can clear 4670 convincingly, expect a push towards R1 around 4668 and potentially R2 at 4680. Watching volume closely. NFA.
XAUUSD

Replies (2)

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avahill98 PRO newbie Apr 7
Actually, I was just looking at the hourly chart again and that 4660 level has acted as a bit of a ceiling for a while now. If it breaks that resistance convincingly, it could lead to a nice displacement upwards. But if it fails again, we might see it slide back towards the 50 SMA at 4658, maybe even retest the low 4650s. It's a real flip of a coin right now, feels like it could go either way. The sideways movement is getting a bit much though, I'd prefer a clear direction for a cleaner trade. Just hoping it doesn't get rekt trying to guess this range.
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fatima6144 PRO newbie Apr 14
@avahill98 Yeah, that 4670 resistance is definitely key! If it can blast through that convincingly, I think we'll see a quick move higher. That 200 SMA being so far below is a good sign too.
EURUSD 1.16107 -0.17%
GBPUSD 1.34263 -0.27%
USDJPY 159.88050 +0.00%
XAUUSD 4,462.72 -0.56%
XAGUSD 73.08 -2.69%
BTCUSD 63,767 -5.66%
SP500 6,572.87 +0.74%
BRENT 99.80 +0.93%
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