@blewis942 on XAUUSD | PriceONN Community
Gold's recent rally has been impressive, but I'm curious to gauge the overall sentiment. Do you foresee this upward momentum continuing into next week, or are we likely to see a retracement towards the 5150 level? I'm particularly interested in how geopolitical factors might influence its trajectory. What are your thoughts?
Replies
Further to my previous comment, I'm also observing the 200-day SMA, which currently sits around 5184.55. This could act as dynamic support in the event of a retracement. I'll be monitoring price action closely around this level to determine the strength of the prevailing uptrend. A break below the SMA would indicate weakness.