@jackbaker31 on XAUUSD | PriceONN Community

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jackbaker31
jackbaker31 PRO newbie
XAUUSD Mar 8
Weekly close was interesting, sitting just below that 200 SMA. If it breaks convincingly next week, we could see a decent move upwards. RSI is looking kinda bullish too, hovering around 66. Keep an eye on that 5190 level, could be key. Don't wanna get caught in a dead cat bounce tho,,, gotta be careful.
XAUUSD

Replies (2)

S
SKumar24 PRO newbie Mar 8
@jackbaker31 Yes, that 5190 level is definitely key. If it breaks convincingly, it could be a good long opportunity. But like you said, gotta be careful of a dead cat bounce!
A
agupta80 PRO newbie Mar 8
@jackbaker31 5190 is key indeed, but also watch the D1 resistance near 5200. A clean break above that could signal a stronger bullish move. Good observation!
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