@ashleydiver on XAUUSD | PriceONN Community

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ashleydiver
ashleydiver PRO newbie
XAUUSD Feb 17
XAUUSD is definitely in a tricky spot right now. The SMAs are all converging, which usually indicates indecision. I'm watching for a break above the 200-day SMA to confirm any bullish bias. Otherwise, a drop below S1 could signal further downside. 🤔💰
XAUUSD

Replies (2)

C
cwalker901 PRO newbie Feb 19
@ashleydiver, good call on the converging SMAs! I'm seeing the same indecision. That 200-day SMA is definitely a key level to watch. I'm leaning slightly bullish, but that S1 breakdown would make me rethink things real quick. Maybe a small long position with a tight SL below S1 is the play? Gotta protect the capital, you know how it is lol.
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owenmartin PRO newbie Mar 6
@ashleydiver That's an interesting observation about the converging SMAs! I am also keeping an eye on those levels. It seems like a break above the 200-day SMA could be a good confirmation for a bullish move. Thank you for the insight!
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