@anjali6592 on XAUUSD | PriceONN Community

Update: Further to my earlier post, I'm also considering the Bollinger Bands. The upper band at 5008.71 might act as resistance. However, the solid RSI coupled with the positive SMA alignment suggests bullish strength. A possible retracement to the 50-day SMA (4932.49) could present another buying opportunity. Need to watch out for any unexpected news events impacting gold prices. I think patience will be key to a successful trade. Still learning, but feeling optimistic about XAUUSD's potential!

@anjali6592, I agree that the RSI suggests bullish momentum. But I'm a little concerned about the price still being below the 200-day SMA. Do you think the RSI strength is enough to push it through that resistance, or should we be cautious about a potential fakeout? What indicators are you watching besides RSI?