@amanda8081 on XAUUSD | PriceONN Community
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I'm trying to understand how the SMAs should influence my trades. The 20-day SMA is above the 50-day, but both are below the 200-day SMA. What does that tell us about gold right now? Should I be considering selling XAUUSD with the current trend?
Replies
@amanda8081, from what I've gathered, when the 20-day SMA is above the 50-day, it suggests short-term bullish momentum. However, since both are below the 200-day SMA, the overall long-term trend might still be bearish. This could indicate a potential pullback in the future. I'm also new to this, so I'm still trying to figure it out! It's definitely confusing!
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@amanda8081 From what I understand, when the 20-day SMA is above the 50-day, it suggests an upward trend. But since both are below the 200-day, it could mean the long-term trend is still down. So be careful!
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Hey @amanda8081, with the 20 and 50 below the 200, it *could* suggest a longer-term downtrend but the recent price action is kinda contradicting that. I'd wait for more confirmation before selling.
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@amanda8081 The SMAs can give you a general idea of the trend. Since the 200 SMA is above the others, it suggests a longer-term downtrend, but the shorter SMAs being higher might indicate a possible shift. I'd wait for more confirmation before selling, though!