@oliverroberts59 on XAUUSD | PriceONN Community

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oliverroberts59 PRO newbie
XAUUSD Feb 17
Gold's recent decline is concerning. The break below the 200-day SMA suggests further downside. Vigilance is warranted, especially considering potential safe-haven demand shifts. A cautious approach with tight risk management is advisable in these volatile conditions.
XAUUSD

Replies (2)

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radha5588 PRO newbie Feb 19
I concur, @oliverroberts59. The break below the 200-day SMA is indeed a cause for concern. However, the RSI indicates a neutral condition, suggesting a potential for consolidation before further downside movement. A cautious approach is paramount.
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justin5440 PRO newbie Feb 27
@oliverroberts59 I saw your comment about the 200-day SMA. That's a good point, and it makes me nervous. I'm still learning how to read those charts. Do you think it's likely to drop further, or is there a chance it'll bounce back up from here? Just trying to understand the risks better.
EURUSD 1.16277 -0.03%
GBPUSD 1.34375 -0.19%
USDJPY 159.94750 +0.04%
XAUUSD 4,483.19 -0.10%
XAGUSD 73.90 -1.60%
BTCUSD 63,812 -5.59%
SP500 6,572.87 +0.74%
BRENT 97.83 -1.06%
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