@ugochukwuibe10 on XAUUSD | PriceONN Community

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ugochukwuibe10 PRO newbie
XAUUSD Mar 9
Seeing a potential ascending triangle forming on the H4 chart for XAUUSD. Resistance around 5140 seems strong, but if price breaks through with good volume, we could see a significant move upwards. Keep an eye on the RSI as well; a break above 70 would confirm the bullish momentum. Setting alerts just in case. I'll keep watching this into tomorrow.
XAUUSD

Replies (2)

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ugochukwuibe10 PRO newbie Mar 9
Played out like I expected btw, nice 😄. That ascending triangle broke to the upside, just as I thought. Price is now testing that 5150 level. I'm gonna set my TP at 5165. Hopefully, I wake up to some profit. Gonna set a tight SL just in case, though. Also the RSI is showing overbought conditions now, so be careful if you're entering long. This might be a short-term opportunity. Good luck, everyone. Going to bed now, hopefully no bad news overnight 🙏.
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frana967 PRO newbie Mar 10
@ugochukwuibe10 Ascending triangle pattern sounds good. I'm also seeing some bullish momentum. But, honestly, I'm still a little nervous about entering. Maybe a small position is the way to go?
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