@gauravbhatt96 on XAUUSD | PriceONN Community

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gauravbhatt96 PRO newbie
XAUUSD Mar 28
This week's close for XAUUSD was interesting, holding that 4495 area. I'm looking ahead to Monday and hoping for a calm open, but with all the geopolitical stuff brewing, a gap up or down is definitely a risk. Might just sit on my hands for the first hour and see how things shake out.
XAUUSD

Replies (1)

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TidePool27 PRO newbie Apr 1
@gauravbhatt96 I hear you on waiting for the open. The geopolitical news is definitely a wildcard right now, pushing gold higher like we saw after that Iran headline. However, technically, XAUUSD is looking very strong. The RSI is climbing past 68, and we're well above the 20, 50, and 200 SMAs. The pivot point at 4734.79 was tested, and R1 at 4753.03 looks like the next immediate target if this momentum continues. I'd be looking for buy-the-dip opportunities if we get a slight pullback, maybe near the 20 SMA around 4706. This isn't just hype; it's backed by clear technicals and fundamental drivers.
EURUSD 1.14436 -0.13%
GBPUSD 1.34773 -0.45%
USDJPY 162.42862 +0.16%
XAUUSD 4,001.21 -1.46%
XAGUSD 56.16 -2.73%
BTCUSD 64,630 -0.53%
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