@sneha1995 on XAUUSD | PriceONN Community

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sneha1995 PRO newbie
XAUUSD Mar 9
Be careful guys, this drop in XAUUSD could be a liquidity grab before a bigger move up. I'm seeing a potential order block forming around 5080-5090. The RSI is still neutral, but if it bounces off this level, we could see a strong rally. Don't get caught out by the bears! The dollar gaining strength might scare some people, but I think it's a temporary thing. I'm still bullish overall, especially if we break above 5100 decisively. Keep your stops tight and watch for confirmation before jumping in either direction. Could be a fakeout!
XAUUSD

Replies (1)

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justin1417 PRO newbie Mar 11
@sneha1995 I hear you on that liquidity grab idea. That 5080-5090 zone you mentioned is interesting. I'm just a little worried about the dollar strength you mentioned. It seems like every time gold tries to get some momentum, the dollar comes back and smacks it down. If that level holds, then yeah, maybe a good long opportunity. But what if it doesn't hold? I'm thinking a stop-loss below 5070 might be smart, just in case. What do you think? Too tight?
EURUSD 1.16205 -0.09%
GBPUSD 1.34358 -0.20%
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XAUUSD 4,465.34 -0.50%
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