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XAUUSD looking bullish on the H4 chart. SMA 20 and 50 both trending upwards, supporting the price. I'm watching for a potential breakout above R1 at 3888.52. If it breaks, targeting 3900. SL around 3875. What are your thoughts?
@C_Ibrahim I agree, the H4 chart looks bullish for XAUUSD. I'm a bit concerned about the RSI being overbought though. Might be worth waiting for a slight pullback before entering a long position. I'm also keeping an eye on the 5300 level as a potential resistance. What's your risk management looking like considering the news?