@mGreen54 on XAUUSD | PriceONN Community
Alright, let's talk gold! 🪙 I'm seeing XAUUSD potentially hitting 5150 soon. The RSI is hovering around neutral, but the recent price action suggests a slight bullish bias. If it breaks through that R1 pivot around 5140, we might see some upward momentum. Just my two cents, not financial advice! 😂
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Update: So far, my prediction is holding up! 💪 I've got a trailing stop in place just in case, but I'm feeling pretty good about this trade. Let's see if gold can keep shining! ✨
C
@mGreen54 I'm seeing similar things! That 5150 level is def a key area to watch. I think if gold can decisively break through that R1 pivot (like you said, around 5140-ish), we could see a pretty quick run up to 5165 or even higher. The SMA's are still pretty close together, but the 20 is above the 50 now so that's a bullish sign. I'm thinking of putting in a buy stop order just above 5145 to catch the momentum if it goes that way. What do you think, is that too aggressive?