@hroberts923 on XAUUSD | PriceONN Community

AI-Powered Real-Time Forex & Crypto Market Analysis

For Investors

Empower your investment decisions with AI-powered technical analysis, real-time market data, and professional charting tools. Your analysis partner for informed decisions.

Market Predictions

Powered by AI

Get AI-powered market analysis. Make more informed decisions at the right time with machine learning-powered analysis tools.

Professional Chart

Tools & Indicators

Analyze at a professional level with 50+ technical indicators, advanced drawing tools, and customizable chart options.

Real-Time

Market Data

Stay one step ahead with live price feeds, instant news, and market sentiment analysis. 24/7 uninterrupted data stream.

Pattern Recognition

Automatic Detection

Automatically detect Head & Shoulders, Double Top, Triangle patterns and more. Don't miss opportunities with AI-powered pattern analysis.

MetaTrader 5

Full Integration

Connect your MT5 account and monitor your portfolio in real time. Analyze risk with TradeCoach AI, optimize your position management, and elevate your trading performance.

Community Sentiment Intelligence

Real-Time Multilingual Sentiment Analysis

Not a poll. Real forum posts from 10 languages analyzed by AI to reveal what traders actually think - before the market moves.

H
Just saw a bullish engulfing pattern form on the H4 chart right at that S2 pivot level around 4508. Combined with the RSI showing a slight uptick from its neutral zone, this could signal a short-term reversal. Given the choppy price action lately, I'd still be cautious and look for confirmation above the 20-SMA at 4556. Might be a good entry for a quick scalp if the US session picks up momentum.
XAUUSD

Replies (1)

I
ikenna1279 PRO newbie Mar 30
Hey @hroberts923, I saw your post about the bullish engulfing. I'm still pretty new to this, so that pattern is something I'm trying to learn. My main concern is that the price action has been so messy lately. When you say confirmation above 4508, what exactly are you looking for? Like, a strong candle close or just sustained buying pressure? I'm just worried about getting caught in another fakeout. I was hoping for a dip to buy more gold but it just keeps going up and down like crazy. It's hard to know when to enter. What do you think about the overall trend now? Is it really bullish or just a temporary bounce?
EURUSD 1.16252 +0.03%
GBPUSD 1.35404 +0.01%
USDJPY 153.36700 -0.63%
XAUUSD 4,429.34 +0.53%
XAGUSD 66.75 +0.93%
BTCUSD 78,862 -0.48%
SP500 6,572.87 +0.74%
BRENT 95.72 +0.44%
0:00 0:00