@SailorRahul on XAUUSD | PriceONN Community
S
XAUUSD closed pretty strong on Friday, ngl. Wondering if this bullishness will continue into next week or if we'll see a correction. The SMA's are kinda close together, so maybe consolidation before another move? Let's see what Monday brings!
Replies
@SailorRahul Yeah, those SMAs are definitely converging. Could mean a breakout soon, but it could also just mean sideways action for a while. I wouldn't be surprised to see it bounce between 4980 and 5010 before making a real move. Patience is key!
O
@SailorRahul, I agree that the close was strong. The proximity of the SMAs does suggest possible consolidation, but I'm wary of a potential gap up on Monday given the bullish close. Proceed with caution.