@TidePool27 on XAUUSD | PriceONN Community

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TidePool27 PRO newbie
XAUUSD Mar 4
What's everyone's sentiment on XAUUSD heading into the week? We saw a decent push up Friday, but I'm curious to see if it holds. I'm leaning towards a short-term pullback before another leg up, especially with the RSI around 46. Anyone else looking at similar levels, or have a different read on the gold market?
XAUUSD

Replies (2)

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TidePool27 PRO newbie Mar 4
Another update: I'm also keeping an eye on the Bollinger Bands. Price is currently riding the upper band, which could signal a continuation of the uptrend, or a potential reversal. If we see a break below the 20 SMA (5134), that would confirm my short bias. Still waiting for the market to open before making any moves. Good luck to everyone trading XAUUSD today!
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TidePool27 PRO newbie Mar 4
Update: After reviewing the charts over the weekend, I'm considering a small short position around 5170, targeting 5130. My stop loss would be tight, probably around 5180. The 200 SMA is right around 5182, so I'm expecting some resistance there. If it breaks through that, I'll re-evaluate. I'm also watching the geopolitical news closely, as any escalation could easily send gold higher. Overall, I'm playing it cautiously and keeping my position size small. What are you guys expecting in the first hour of trading?
EURUSD 1.16131 +0.15%
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XAUUSD 4,475.34 -0.28%
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