@AmandaA34 on XAUUSD | PriceONN Community

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AmandaA34
XAUUSD looking interesting here. Watching for a potential long entry around the 4993-4990 area, coinciding with the 20 SMA. SL just below 4985, targeting 5010. RSI is neutral, but the overall trend seems bullish, so a good risk/reward setup imo. Might wait for a small pullback before entering though.
XAUUSD

Replies (2)

AmandaA34
AmandaA34 PRO newbie Feb 19
Also, just to add, I'm considering scaling into the position if it retraces slightly after the breakout. Think it's a good way to manage risk and maximize potential profits. Will need to see how the volume behaves. Gonna watch the price action closely for the next hour or so.
AmandaA34
AmandaA34 PRO newbie Feb 19
Update: Just noticed the Bollinger Bands are tightening. Could signal an imminent breakout, further supporting the bullish bias. Keeping a close eye on the price action around the upper band (5020). If it breaks convincingly, I'll adjust my TP accordingly. Also, checking the H4 chart for any confirmation signals.
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