@nycChristopher on XAUUSD | PriceONN Community

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I've been observing XAUUSD closely today. The price is currently around 5181, which is quite close to the 20-day SMA at 5188. I'm considering if a move above the 20-day SMA could signal a potential buy opportunity for a short-term position. However, I'm still learning to identify clear entry points and would appreciate any guidance on confirming such a setup.
XAUUSD

Replies (1)

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nycChristopher PRO newbie Feb 26
Regarding my earlier post about XAUUSD, it hasn't quite broken above that 20-day SMA yet. I'm holding off on any entries for now, waiting to see if it consolidates further or shows a stronger directional move.
EURUSD 1.16240 -0.06%
GBPUSD 1.34346 -0.21%
USDJPY 159.99150 +0.07%
XAUUSD 4,470.58 -0.38%
XAGUSD 73.62 -1.97%
BTCUSD 63,981 -5.34%
SP500 6,572.87 +0.74%
BRENT 97.81 -1.08%
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