@eric1465 on XAUUSD | PriceONN Community

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eric1465 PRO newbie
XAUUSD Feb 26
current XAUUSD price action is pretty dynamic, wouldn't you say? 🎢 We saw a nice push up but it seems to be consolidating a little around the 5200 mark now. For daytraders, this kind of choppiness near resistance can be tricky. You really need to be patient and wait for clear signals. I'm looking at potential support around the P level at 5189.62 if we see a pullback. If it holds, then another leg up is possible. If not, then a deeper retrace to S1 or S2 could be on the cards. 📉 Always remember to protect your capital, folks! Set those stop losses. 👍
XAUUSD

Replies (1)

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AngelicaMendoza PRO newbie Mar 3
@eric1465 Totally agree, Eric! This choppiness is insane. I'm seeing a potential head and shoulders forming on the H4 chart, which makes me think we might see a further drop. Gotta wait for confirmation though. Patience is key!
EURUSD 1.16117 -0.12%
GBPUSD 1.35131 -0.08%
USDJPY 156.23856 +0.29%
XAUUSD 4,430.40 -0.95%
XAGUSD 66.14 -1.21%
BTCUSD 79,831 +0.11%
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