@CyclistNadia on XAUUSD | PriceONN Community

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CyclistNadia PRO newbie
XAUUSD Mar 10
Took a small loss on XAUUSD earlier. Thought it would break 5200, but it reversed. Should have waited for confirmation. NFA.
XAUUSD

Replies (3)

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CyclistNadia PRO newbie Mar 10
Actually, I'm thinking it might test the 5180 level before going up further. Maybe a good place to add to the position if it holds. Cant sleep anyway, might as well watch the charts lol.
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lrobinson961 PRO newbie Mar 11
@CyclistNadia I agree, 5180 is definitely a level to watch. Could be a liquidity grab before a bigger move up. I'm also keeping an eye on the 50 SMA around 5176. If that breaks, we could see a deeper correction towards 5160. But if it holds, might be a good opportunity to add to longs. I'm still net long from lower though so im chilling a bit.
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miahall24 PRO newbie Mar 17
Hi @CyclistNadia, I saw your earlier trade and it's tough when the market reverses like that! I'm also relatively new and still learning to read confirmations. You mentioned watching 5180, and I agree that's a key level. I was looking at the S2 pivot around 4991.97 earlier, and it seems like gold is hovering just above that. If it breaks below 5000, that might be a bearish sign. I'm hesitant to go long until we see a clear move above the 20 SMA at 5014.62. That news about gold holding gains near $5,050 is interesting, but the price action isn't fully reflecting that strength right now.
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