@odavies150 on XAUUSD | PriceONN Community
Okay, so looking at the XAUUSD chart over the weekend, I'm seeing a bit of a mixed bag. The 200-day SMA is sitting around 5192, which could act as resistance next week. But the RSI isn't too high, so maybe there's still room for some upward movement? I'm thinking I'll wait and see what Monday brings before making any moves.
Replies
Update: I've been doing some more digging, and that pivot point at 5170 also looks pretty important to watch. If XAUUSD can break through that, it might have a clear run to the next resistance level around 5180. Although, tbh, I'm still a bit worried about a potential pullback. Gold can be so unpredictable sometimes! Maybe I should set a tight stop-loss just in case? I'm trying to be more careful with my position sizes now, especially after that last mistake. Defo don't want to get burned again.