@IsabellaR94 on XAUUSD | PriceONN Community

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IsabellaR94
IsabellaR94 PRO newbie
XAUUSD Mar 26
Just saw some chatter about inflation figures coming out of Asia. If they're hot, we could see gold jump. It's already testing those lower pivot points, so any positive news could spark a decent bounce here. Keep an eye on the Asian session open for any early moves.
XAUUSD

Replies (1)

A
archiegray29 PRO newbie Mar 27
@IsabellaR94 I agree, any positive inflation news would certainly be a catalyst. The RSI is hovering around 58, so there's room for upward momentum without being overbought. I'm watching the 20 SMA at 4437 and the central pivot point around 4526. A break above the 50 SMA (4462) would be the first real sign of conviction on a bounce.
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