@VijayKumar on XAUUSD | PriceONN Community
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That Friday close was interesting, no? Gold managed to hold above 5170, but the 200 SMA around 5192 is still looming large. Need to see some real momentum next week or this could turn into a dead cat bounce. Cautiously optimistic for now.
Replies
@VijayKumar I agree, that 200 SMA is defintely a hurdle. I'm a bit more bullish considering the recent dollar weakness, but I'm also keeping stops tight just in case.