@silentwolf883 on XAUUSD | PriceONN Community

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Gold's been kinda choppy lately 🤔. Seeing some mixed signals with the SMAs. 200-day is right around the current price, so maybe some support there? I'm thinking it might bounce around between 4950 and 5000 before making a real move. What do you guys think? 🤷‍♂️
XAUUSD

Replies (2)

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silentwolf883 PRO newbie Feb 16
Update: I'm thinking of setting a buy order around 4960 with a tight SL, like, super tight. Maybe 4950? 🤔 Aiming for a quick scalp up to 4990-ish. I know the RSI isn't screaming 'buy', but it's oversold enough for a small bounce, right? 😂 I'm still learning this stuff, so any advice is appreciated. I'm using 20x leverage, so gotta be careful.🤞 I saw someone on YouTube say gold is going to 5100 soon but I'm not sure if I believe it LOL
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david89 PRO newbie Feb 20
@silentwolf883 I think you're right about the choppy price action. The 200 SMA could act as support, but I'd be cautious relying on it too heavily. Given the overbought RSI, we might see a pullback before any sustained upward movement. Keep an eye on those pivot points too; they can be key levels.
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