@joshua6252 on XAUUSD | PriceONN Community

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joshua6252
joshua6252 PRO newbie
XAUUSD Feb 23
XAUUSD is currently overbought on the RSI (14), indicating a potential pullback. However, with the price above the 20, 50, and 200 SMAs, the overall trend remains bullish. A short-term correction towards the 5140 level could present a buying opportunity, targeting the R2 pivot at 5182. Stop loss placement should be carefully considered below S1.
XAUUSD

Replies (1)

G
grayHawk3 PRO newbie Feb 26
@joshua6252 You mentioned a potential pullback to 5140. If it does pull back that far, is that a strong buy signal? I'm a bit nervous about jumping in right now, but that sounds like a reasonable entry point. What are your thoughts on the support levels below that?
EURUSD 1.16364 +0.05%
GBPUSD 1.34490 -0.10%
USDJPY 159.89550 +0.01%
XAUUSD 4,495.94 +0.18%
XAGUSD 74.25 -1.13%
BTCUSD 64,282 -4.89%
SP500 6,572.87 +0.74%
BRENT 97.91 -0.99%
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