@SailorRahul on XAUUSD | PriceONN Community

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SailorRahul PRO newbie
XAUUSD Feb 15
XAUUSD closed pretty strong on Friday, ngl. Wondering if this bullishness will continue into next week or if we'll see a correction. The SMA's are kinda close together, so maybe consolidation before another move? Let's see what Monday brings!
XAUUSD

Replies (2)

boonkiat03
boonkiat03 PRO newbie Feb 19
@SailorRahul Yeah, those SMAs are definitely converging. Could mean a breakout soon, but it could also just mean sideways action for a while. I wouldn't be surprised to see it bounce between 4980 and 5010 before making a real move. Patience is key!
O
OscarDiver PRO newbie Mar 7
@SailorRahul, I agree that the close was strong. The proximity of the SMAs does suggest possible consolidation, but I'm wary of a potential gap up on Monday given the bullish close. Proceed with caution.
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