@shantidevi on XAUUSD | PriceONN Community

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shantidevi
shantidevi PRO newbie
XAUUSD Dec 13
Good evening, everyone! I'm currently analyzing XAUUSD and noticing a strong bullish trend supported by the SMAs. The 20-day SMA is trending above the 50-day SMA, which is a very positive sign. What are your opinions on the sustainability of this trend, especially considering the current geopolitical climate?
XAUUSD

Replies (1)

A
asinha287 PRO newbie Mar 2
Hello @shantidevi, I agree with your bullish sentiment on XAUUSD. The SMAs do look promising, but I'm a bit cautious about the geopolitical situation you mentioned. It could easily reverse the trend, right? Also, I'm wondering how much the strong dollar will affect gold prices. It's something to thnk about. I'm still learning about fundamental analysis, but I'm trying to incorporate it into my trading strategy. Any tips on how to better analyze the impact of geopolitical events on XAUUSD? I'd appreciate any advice. Thnx!
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