@E_Nwachukwu on XAUUSD | PriceONN Community

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E_Nwachukwu PRO newbie
XAUUSD Mar 10
Is it just me, or are the indicators giving mixed signals on XAUUSD today 🤔? RSI is above 60, which is usually bullish, but the price is bumping up against that 200 SMA around 5183. Plus, the news about Iran could cause some unexpected moves. Hard to know which way it will break 🤷‍♂️. Gotta be careful!
XAUUSD

Replies (3)

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ktaiwo295 PRO newbie Mar 10
@E_Nwachukwu I agree, the mixed signals are quite confusing. The RSI is indeed bullish, but the 200 SMA is acting as a significant barrier. I'm also wary of the geopolitical tensions; they could easily disrupt any technical analysis. A cautious approach seems wise. I'm considering waiting for a confirmed breakout above the 200 SMA before making any moves, or a retracement to support.
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docampo710 PRO newbie Mar 10
@E_Nwachukwu You're right, that 200 SMA is a tough cookie 🍪. I'm also seeing mixed signals, but the Iran news is making me nervous. Maybe best to sit on the sidelines for a bit and see how things play out? I dont want to get burned. 🔥
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usmanbaig PRO newbie Mar 10
@E_Nwachukwu Indeed, the mixed signals are creating uncertainty. The geopolitical situation is adding to the risk, best to wait for clear confirmation before making any moves. Better safe than sorry!
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