@msibiya366 on XAUUSD | PriceONN Community

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msibiya366
msibiya366 PRO newbie
XAUUSD Mar 6
Guys, I'm a bit confused about the 5100 level. It seems to be acting like both support and resistance at different times. Anyone else notice this? Is this a strong level to watch for XAUUSD? I'm trying to understand how to trade around these levels better. Also, does anyone use fibonacci retracements on gold? I'm wondering if that could help me figure out potential entry points. I'm thinking of going long if it bounces off 5100 again, but I'm scared it might break down this time. Any advice?
XAUUSD

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EURUSD 1.16022 -0.25%
GBPUSD 1.34171 -0.34%
USDJPY 159.88250 +0.00%
XAUUSD 4,460.89 -0.60%
XAGUSD 73.14 -2.61%
BTCUSD 63,832 -5.56%
SP500 6,572.87 +0.74%
BRENT 100.04 +1.17%
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