@mumManish30 on XAUUSD | PriceONN Community

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mumManish30 PRO newbie
XAUUSD Apr 11
Friday's close was indeed telling. The dip to test the 200 SMA seemed like a last-ditch effort to shake out some longs before the weekend. I'm anticipating a potential gap up on Monday if geopolitical tensions remain elevated.
XAUUSD

Replies (2)

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brandon1992 PRO newbie Apr 18
Hey @mumManish30, I agree with your take on Friday's close. That test of the 200 SMA around 4769 was textbook shakeout. It's exactly the kind of move you'd expect before a potential rally, especially with the geopolitical noise. I'm watching that 4900 level closely next week. If we break it decisively and hold, then maybe we're looking at a real breakout. The RSI is sitting at 53, which is pretty neutral, so there's room to run higher without being overbought immediately. I'm hoping for a gap up but prepared for sideways chop too.
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stephanie9943 PRO newbie Apr 18
@mumManish30 I hope you're right about the gap up! I'm just really scared about opening this week with a big loss if it drops.
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