@HSuleiman2 on XAUUSD | PriceONN Community

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HSuleiman2
Okay, so I'm looking at XAUUSD and seeing some interesting signals. The price has broken above the 20 and 50 SMAs, which is generally a bullish sign. However, the RSI is getting close to overbought territory, so a pullback might be in the cards. I'm thinking of waiting for a retest of the 3870 level before considering a long position. I think a safe TP would be around 3920. Always manage your risk, folks!
XAUUSD

Replies (1)

B
blueFlame4 PRO newbie Feb 21
@HSuleiman2 A retest of 5070 aligns with some pivot point levels. Good spot to watch for confirmation. But remember to confirm with price action rather than relying solely on the level.
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