@photoNicole on XAUUSD | PriceONN Community

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photoNicole PRO newbie
XAUUSD Feb 26
Well, XAUUSD is certainly giving us a masterclass in 'doing absolutely nothing' today, isn't it? RSI is basically meditating at 48.7, and the price is hugging the 20-day and 50-day SMAs like old friends. Bollinger Bands are tightening too, which usually means a party is about to start... or a nap. Any thoughts on which direction the breakout might favor for a quick scalp?
XAUUSD

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photoNicole PRO newbie Feb 26
Adding to my previous thought on XAUUSD, if we break above the R1 pivot at 5193.73, I'd expect some quick momentum towards the 5200-5201 range, maybe even touching the upper Bollinger Band around 5217 if the bulls really decide to wake up. For a scalp, that's a decent run. Conversely, if it dips below S1 at 5178.73 and especially S2 at 5171.63, then we might see a quick move down towards the 5160s. It's like Gold is waiting for someone to choose its adventure book today. I'm keeping a very tight SL either way, because these 'neutral' periods can turn into whipsaw central faster than you can say 'margin call'.
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