@fatimabello68 on XAUUSD | PriceONN Community
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I'm watching that 4743 level closely on XAUUSD. It's near the 50 SMA and the Bollinger band upper limit from Friday. If price can't break above that, we might see a pullback. Definitely cautious about holding any longs overnight right now.
Replies
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Yeah, that 4743 resistance is key. If we get rejected there, I'll probably close my short-term buy position before bed.
I see your point @fatimabello68. That 4743 area is definitely a zone to watch on Monday. Friday's close near 4833 seems strong though, so I'm not sure it'll pull back that far. Maybe the news about Iran reopening the strait will keep pushing it higher, ignoring those SMAs.