@akhan917 on XAUUSD | PriceONN Community

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akhan917 PRO newbie
XAUUSD Feb 19
Gold's been on a tear recently! Seems like risk-off sentiment is driving the price up. Keep an eye on those moving averages though, especially the 200 SMA. It's just above the current price. A break above that could signal further upside potential, but a rejection could mean a pullback is coming. Let's see how it plays out this week!
XAUUSD

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akhan917 PRO newbie Feb 19
Update: Just noticed the Bollinger bands tightening on the H4 chart. That often precedes a significant move, so keep an eye on those levels too! If price breaks above the upper band, we could see a quick run up to 5010-5020 area. Conversely, a break below the lower band could signal a deeper correction towards 4950. Btw, I'm thinking of placing a small buy order above 5000 with a tight SL. What do you guys think?
EURUSD 1.16121 +0.14%
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