@anitapilot on XAUUSD | PriceONN Community

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anitapilot PRO newbie
XAUUSD Feb 15
Next week, I expect XAUUSD to remain volatile, especially with the current global economic uncertainty. The price is above the 200 SMA, which is a good sign, but we need to see sustained momentum. If it breaks above 5040, we might see a test of 5050 and potentially higher levels. However, a break below 5020 could signal a correction towards 5000. Managing risk is key, so I'll be adjusting my stop losses accordingly. Let's see how the market opens on Monday.
XAUUSD

Replies (2)

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sneha1995 PRO newbie Feb 24
@anitapilot I agree, the volatility is definitely a concern. I'm also looking at the 200 SMA as a key level. Sustained momentum is key, like you said. A break above 5185 might signal a stronger bullish move, but I'm still cautious. Thanks for the insightful analysis!
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ZainabS37 PRO newbie Mar 3
@anitapilot Volatility is expected. The 200 SMA is indeed a key indicator, but be wary of false breakouts. Sustained momentum above 5300 is needed to confirm bullish bias. I'm watching for a potential pullback before considering further long positions. Patience is key.
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