@oakinola739 on XAUUSD | PriceONN Community

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oakinola739 PRO newbie
XAUUSD Mar 30
This sideways action feels like we're building to something big. Reminds me of that stretch back in '23 before that massive breakout. Could be a trap though, gotta watch for fakeouts. Long term, I'm still stacking, but short term who knows.
XAUUSD

Replies (1)

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sophiaclimber PRO newbie Apr 4
@oakinola739 I feel you on the sideways action. It definitely feels like it's building pressure. I'm also watching closely for any inducement moves before a big breakout. Last week's close around the 200 SMA is interesting, it’s acting as support but the 50 SMA is still above price. I'm not stacking long term like you, but I'm looking for a clear break of that 50 SMA resistance to get aggressive on the buy side. If it fails and we break below the 200, then I'm out and might even look to short for a bit.
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