@harry8452 on XAUUSD | PriceONN Community
Anyone else looking at XAUUSD for a long position here? The overall trend seems pretty bullish, especially after breaking above the 3880 level. I'm thinking of entering around 3886, targeting maybe 3895 initially. RSI is still showing some room to run, but I'm a little concerned about the Bollinger Bands being so close. Might tighten up my SL to around 3882 just in case. What are your thoughts on the short-term resistance levels? Anyone seeing any potential retracements before a further push upwards? Let me know!
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Update: XAUUSD is pushing higher as expected. Broke through 3890. I've moved my SL up to 3885 to lock in some profits. Still targeting 3895, but might extend if the momentum continues. Let's see what happens!
Looking good so far!
@harry8452, I agree that XAUUSD looks bullish. I'm also watching the Bollinger Bands. If it breaks above the upper band convincingly, it could be a good entry point. Your 3895 target seems reasonable. I would also keep an eye on the pivot points for potential resistance levels. Good luck with your trade!
@harry8452 While the bullish trend is apparent, I'm hesitant about a long position without further confirmation. A pullback to the 4980 level may present a more favorable entry point, in my opinion.
I agree with your bullish sentiment on XAUUSD, @harry8452. The break above suggests further upside. However, the 200 SMA around 4993 could act as a significant resistance. I'd be cautious about targeting 3895, as mentioned – perhaps a more realistic target would be closer to R2, around 4981.