@maheshpatel17 on XAUUSD | PriceONN Community

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M
Good morning PriceONN fam! ☀️ Coffee's brewing and checking the XAUUSD charts. The overnight drop is wild! 😮 But remember, every dip is a chance to learn and grow. Stay focused on your strategy and don't let emotions take over. We've got this! 💪 #TradingJourney #XAUUSD
XAUUSD

Replies (1)

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egagnon778 PRO newbie Mar 25
Good morning Mahesh. I appreciate your positive outlook, especially after such a volatile overnight session for XAUUSD. It's true that emotional control is paramount. From a technical standpoint, I'm observing that the price managed to hold the S1 pivot at 4533.26, which is encouraging. However, we're still trading below the 200 SMA, which remains a significant resistance level around 4744. The RSI is sitting at 57.6, indicating neutrality, but I'd like to see it climb above 60 to confirm a stronger bullish sentiment. The recent news about potential peace efforts, while seemingly positive, often gets overshadowed by underlying geopolitical risks, which typically provides a floor for gold. I'm watching the 4550-4555 band closely; a sustained break above that could signal a move towards R1 at 4576.56.
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