@JosephJackson on XAUUSD | PriceONN Community
XAUUSD is showing robust bullish momentum, holding firmly above the 20 and 50-period SMAs on the H4 chart. Price action is testing the R1 pivot at 5197.44 and pushing towards the upper Bollinger Band around 5217. The RSI at 55.7 suggests there's still room to run before hitting overbought territory. Long positions are still valid here.
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Update: If XAUUSD gets a decisive break and retest above the R2 pivot at 5202.37, we're looking at a strong push towards the 5220-5230 range. Keeping positions open with a trailing stop just under the 20-SMA near 5187 seems like the play. D1 still looks solid for continuation, despite any short-term noise.