@icestorm939 on XAUUSD | PriceONN Community
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Looking back at the week, it's been a choppy one for XAUUSD. We saw a few attempts to break above 5200, but each time it got rejected. The 200 SMA seems to be acting as a pretty strong resistance level. On the downside, 5150 held relatively well as support. Overall, I'd say it's consolidating, waiting for a catalyst. Next week, I'll be watching for a break of either the 200 SMA or that 5150 support to give us a clearer direction. Risk management is key with gold, especially with all the uncertainty in the market at the moment. Keep stops tight, lads.