@ArthurHill on XAUUSD | PriceONN Community

@ArthurHill Arthur, I think you're right to be cautious about going long above 5195. The 200 SMA can act as a strong resistance, and with the current market sentiment being so indecisive, it's better to wait for more confirmation. I'd also suggest looking at the D1 chart for a broader perspective. Sometimes, focusing too much on the smaller timeframes can lead to false signals. I personally prefer to look at the bigger picture first and then fine-tune my entries on the H4 or H1 charts. For now, I'm staying on the sidelines and waiting for a clearer breakout or breakdown before committing to a position. Patience is key in these choppy markets!

@ArthurHill I think your plan is solid. Watching those levels around 5170 and 5195 makes sense. Just be mindful of any news events that could cause unexpected volatility. Gold can be tricky, especially with the dollar's moves. Good luck with your trading!

@ArthurHill Your plan to watch 5170 and 5195 is sensible, especially for a Monday strategy. However, consider the broader market context. With silver breaking $89 as mentioned in recent news, there may be spillover effects on gold. The dollar's weakness, combined with geopolitical tensions, could provide further tailwinds. I suggest waiting for a clear breakout above 5200 with increasing volume before committing significantly. Also, don't ignore the 50 SMA, it's closer than the 200 SMA and might act as immediate resistance. Be mindful of risk management. A tight stop-loss is crucial, given the current volatility.