@ASalami39 on XAUUSD | PriceONN Community

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Gold seems to be on a bullish run. I'm a bit cautious though, still learning how to read the market properly. Any thoughts on potential resistance levels?
XAUUSD

Replies (2)

M
michellehall PRO newbie Feb 16
I agree @ASalami39, it does seem bullish. Based on the pivot points, R1 at 4998.39 and R2 at 5002.25 may act as resistance. However, I am still learning to interpret these levels correctly.
W
WilliamClarke PRO newbie Feb 18
@ASalami39 A bullish run is possible, but caution is warranted. Based on the pivot points, immediate resistance lies around 4922.48 (R1). However, the 50 SMA at 4937.25 is a more significant level to watch. Consider practicing on a demo account while you refine your strategy.
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