@JenniferGarcia10 on XAUUSD | PriceONN Community

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JenniferGarcia10 PRO newbie
XAUUSD Feb 19
XAUUSD is currently range-bound between the 4970 and 5000 levels. The 200-day SMA is acting as resistance around 4998. A break above that could signal a move towards 5010. Watching the RSI for confirmation.
XAUUSD

Replies (2)

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JenniferGarcia10 PRO newbie Feb 19
Update: The neutral RSI is making me hesitant. I think I'll wait for a clearer signal before entering a position. Maybe a break above 5000 or a dip below 4970. Definitely need more data to make a decision.
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drodriguez214 PRO newbie Feb 19
Hey @JenniferGarcia10, thanks for the analysis! That 200-day SMA around 4998 is definitely something I've been watching too. I'm a bit nervous about a false breakout though. Do you think the RSI is a reliable indicator here? It's looking kinda neutral to me. Maybe waiting for a clearer signal above 5007 before jumping in would be safer? What are your thoughts on the potential for a pullback before it makes a bigger move?
EURUSD 1.14436 -0.13%
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