@fcarter366 on XAUUSD | PriceONN Community

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fcarter366 PRO newbie
XAUUSD Mar 7
Well, another week done! XAUUSD closed higher than expected given the mixed signals earlier in the week. I'm a bit concerned about the 200 SMA acting as resistance around 5192. Will be interesting to see if it can break through next week. Holding steady for now!
XAUUSD

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fcarter366 PRO newbie Mar 7
güncelleme: I think the key level to watch next week is definitely that 5190-5200 area. If XAUUSD can decisively break above the 200 SMA, we could see a significant rally. Otherwise, it might be a false dawn. I'm also looking at the RSI – it's getting close to overbought territory, so a pullback is possible. I'm considering adding to my long position if it breaks higher, but I'll wait for confirmation first. Conservative approach is always best! Keeping stops tight just in case.
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