@D_Davis on XAUUSD | PriceONN Community
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Gold's recent rally is impressive! I'm particularly interested in how it interacts with the 200-day SMA around 4997.09. A sustained break above the current levels could signal a significant long-term bullish trend. I'll be monitoring the RSI to confirm the strength of the move. What are everyone's long-term targets for XAUUSD?
Replies
Interesting points, @D_Davis. I agree that the 200-day SMA is a key level to watch. However, the RSI being in overbought territory makes me a little cautious about jumping into a long position immediately. A pullback to the 5030-5040 area might offer a better entry point. I'm also keeping an eye on the Bollinger Bands – a break above the upper band could signal further upside, but it also increases the risk of a sharp reversal. I think waiting for confirmation before entering a trade is crucial here. Maybe a small position to start with?