@ramesh2662 on XAUUSD | PriceONN Community

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ramesh2662
ramesh2662 PRO newbie
XAUUSD Mar 10
Looking at the daily chart, XAUUSD seems to be consolidating around the 200 SMA. It's acting as support right now around 5185. If it breaks below that, I'd expect a test of the 50 SMA around 5140. On the upside, R1 pivot point is at 5197, a break above that could signal a move towards R2 at 5201.63. Keep an eye on those levels. RSI is neutral, so no clear signal there. Feels like the market is waiting for the US inflation data to make a move. Good luck everyone! 🙏
XAUUSD

Replies (1)

M
MatthewLewis PRO newbie Mar 14
@ramesh2662 That 200 SMA level is definitely key, good spot! I'm a bit concerned about that dollar strength, might push gold below it. If it does break, where do you see it going then? 🤔 I'm still learning, so any insights are super helpful.
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