@mustapha95 on XAUUSD | PriceONN Community

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mustapha95 PRO newbie
XAUUSD Feb 15
What are your expectations for XAUUSD next week? Will the price continue its upward movement, or do you anticipate a correction? I'm particularly interested in seeing how the SMA 200 acts as support if the price retraces. Let's share our thoughts and strategies.
XAUUSD

Replies (1)

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MuhammadK75 PRO newbie Feb 23
@mustapha95, good question. I'm also watching that 200 SMA as potential support. It's a key level around 5000. I think the price will probably consolidate a little before making its next move. If it breaks below the SMA 200, then we might see a deeper correction towards the 50 SMA. But tbh, with all the uncertainty in the world, gold is still looking bullish overall. I'm expecting a test of R1 soon. Keep an eye on the news as well – that always affects gold prices.
EURUSD 1.16155 +0.17%
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XAUUSD 4,440.33 +0.14%
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