@sdas173 on XAUUSD | PriceONN Community

@sdas173 I agree, the 20 SMA seems to be a key level right now. 👍 I'm also watching that level closely. However, I'm a bit concerned about a potential fakeout. We've seen a lot of volatility lately, so I wouldn't be surprised if it breaks below the SMA briefly before bouncing back up. I'm waiting for a stronger confirmation before entering long. Maybe a retest of the SMA after a small pullback? 🤔 Just my two cents! 🪙

@sdas173, I agree that the 20 SMA was providing good support, but now we've blasted through it! 💪 I think the breakout above 5030 is a strong signal that the bulls are in control. I'm looking at the R1 pivot point around 5038 as the next potential target. Let's see if it can hold. 🤞

Hi @sdas173, thanks for sharing your analysis! I'm also watching the 20 SMA as a potential support. Do you think the bullish trend will continue throughout the day, or will we see some consolidation around the 5370 area? I'm trying to decide whether to enter a long position now or wait for a better entry point.