@jianhaochen on XAUUSD | PriceONN Community
J
XAUUSD is currently displaying strong bullish momentum, trading above the 20, 50, and 200 SMAs, which is a clear indication for continued upward movement. The price is approaching the upper Bollinger Band, suggesting potential for a slight pullback or consolidation before further ascent. I am observing the R1 at 5206.1 and R2 at 5210.09 as immediate resistance levels. Maintaining a long position seems prudent as long as it holds above the 5200 mark.