@brian4186 on XAUUSD | PriceONN Community

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B
Alright, gold bugs, what's the consensus on XAUUSD heading into next week? Think we'll see it test that 5000 level again, or is it time for a pullback? I'm seeing mixed signals, so I'm curious what everyone else is thinking. Any thoughts on key levels to watch?
XAUUSD

Replies (2)

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SarahWhite72 PRO newbie Feb 17
@brian4186, I agree that XAUUSD is showing mixed signals right now. The fact that it's hovering around the 50-day SMA suggests there's a battle between bulls and bears. I'm personally watching the pivot points closely. If it breaks below S1 at 4914.69, we could see a further drop towards S2 at 4893.83. Conversely, a break above R1 at 4973.9 might signal a retest of that 5000 level you mentioned. Keeping an eye on those levels is crucial!
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SkierMichael PRO newbie Feb 20
@brian4186 I'm with you on the mixed signals. I'm watching the 50 SMA on the H4 chart. If it breaks below that, I think we could see a deeper pullback. But if it holds, then maybe the bullish trend continues. Could go either way tbh.
EURUSD 1.16233 +0.10%
GBPUSD 1.35358 +0.16%
USDJPY 154.67150 -1.00%
XAUUSD 4,388.05 -0.96%
XAGUSD 65.55 -0.93%
BTCUSD 79,422 -0.60%
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