@lucky_m35 on XAUUSD | PriceONN Community
Regarding XAUUSD, the price is testing R1 at 3888.52. A decisive break above this level could signal further upside towards R2 at 3891.47. However, traders should be aware of potential resistance around the 3900 level, which could act as a psychological barrier.
Replies
Hi @lucky_m35, thanks for the levels! R1 at 5038.81 seems like a key area to watch on Monday. If it breaks above that, do you think it will face much resistance at 5050-ish? I'm trying to understand how reliable pivot points are, especially with gold's unpredictable moves. still learning how to trade these markets.
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@lucky_m35 Interesting points! 🤔 I'll be watching for that potential resistance around 5110-5120 level too. Could be a good place to take some profit if it gets there! 👍
@lucky_m35, thank you for your analysis regarding the resistance levels. I appreciate the insight about the potential psychological barrier around 3900. However, I am a little confused about your price levels, as I am seeing XAUUSD trading closer to 5178 currently. Perhaps there is a discrepancy in the data feed? It is important to ensure we are all looking at the same information. I will definitely keep an eye on the levels you mentioned, but I want to confirm the accuracy first. Thank you again for sharing your expertise!