@aiyer341 on XAUUSD | PriceONN Community
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I am analyzing XAUUSD's potential movement in the upcoming week. The price is currently hovering around 5138, and the 20-day SMA at 5104 seems to be providing support. However, I am also observing the Bollinger Bands, which indicate that the price is nearing the upper band at 5207. Considering the overall bullish trend, I am contemplating a long position with a target near the R1 pivot point at 5156. What are your opinions on the likelihood of XAUUSD breaking through this resistance level, and what factors might influence its trajectory?