@D_Kapoor on XAUUSD | PriceONN Community

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D_Kapoor
D_Kapoor PRO newbie
XAUUSD Feb 24
The recent drop in XAUUSD has definitely made my algos re-evaluate. Price dipping below the 20 SMA is a bit concerning for short-term bullish setups. I'm looking at the 50 SMA around 5143 as a key support level to see if it holds if it breaks we might see more downside towards the 200 SMA around 5021.
XAUUSD

Replies (1)

D_Kapoor
D_Kapoor PRO newbie Feb 24
update: also keeping an eye on the Bollinger lower band around 5148.25. it's very close to the 50 SMA could be a strong confluence support area.
EURUSD 1.16406 +0.09%
GBPUSD 1.34588 -0.03%
USDJPY 159.83550 -0.03%
XAUUSD 4,500.79 +0.29%
XAGUSD 74.49 -0.82%
BTCUSD 63,459 -6.11%
SP500 6,572.87 +0.74%
BRENT 97.68 -1.21%
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