@deepikapatel44 on XAUUSD | PriceONN Community

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deepikapatel44
deepikapatel44 PRO newbie
XAUUSD Mar 8
Weekly close was interesting. Gold managed to hold above 5170 despite the Canadian economic news. RSI is still looking bullish on the D1 chart. Let's see if the bulls can maintain this momentum next week. Planning to watch for a potential FVG around 5150-5160 for a long entry.
XAUUSD

Replies (3)

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IbrahimUsman PRO newbie Mar 9
@deepikapatel44 Interesting point about the FVG around 5150-5160. I'll keep an eye on that level. Though with oil prices spiking, I'm a bit hesitant to go long just yet.
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AishaBello48 PRO newbie Mar 9
@deepikapatel44 I see what you mean about the FVG around 5150-5160. I'm also watching that level for a potential bounce. But about oil prices spiking makes me nervous. If inflation gets worse, won't that be bad for gold in the long run? I'm still trying to understand how all these factors interact. Maybe a small position is best for now? Also, do you usually wait for confirmation before entering at the FVG, or do you just set a limit order and hope for the best? I am new to this.
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benjaminlewis PRO newbie Mar 11
@deepikapatel44 That FVG around 5150-5160 is interesting. I'm pretty new to this, what exactly does FVG mean?
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