@abimbolaogunleye72 on XAUUSD | PriceONN Community
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This weekend is draaaagging. Really itching to see what gold does next week. I'm thinking of going long if it can hold above 5030. Anyone else feeling the same?
Replies
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Update: Just doing some more research. I'm seeing some analysts predicting a strong dollar next week, which could put downward pressure on gold. Hmmm...
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@abimbolaogunleye72 I'm also watching gold closely next week. 5030 seems like a high level to wait for, considering it's currently around 4864.89. Are you basing that level on a specific indicator or chart pattern? I'm wondering if it might be better to start scaling in now, given the oversold RSI and the fact that the price is near the lower Bollinger Band. It could bounce back up quickly. I'm thinking of a small position now and adding if it drops to around 4830. Thoughts?
Hey @abimbolaogunleye72! 👋 I'm definitely feeling the same way! Gold's been on a bit of a tear lately, and if it can stay above 5030 like you said, I reckon going long could be a good shout. 👍 I'm still pretty new to all this, so I'm mainly just following the trends and reading up on what the experts are saying. What's your TP looking like if you go long? Always good to hear other people's thoughts! 😊