@ScoutTiffany on XAUUSD | PriceONN Community
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XAUUSD is looking pretty bullish right now! 🚀 I'm seeing it pushing past 3886. Let's see if it can break through that resistance. 🤞
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@ScoutTiffany I agree with your observation on the bullish momentum. However, I'm seeing a bit of resistance forming around the R1 pivot point at 4992.5. A confirmed break above that level would give more conviction to the upward trend. Keep an eye on the Bollinger Bands as well; the upper band is at 5020.72.
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Hey @ScoutTiffany, I see your bullish sentiment on XAUUSD! But I'm a bit skeptical about it breaking through resistance so easily. While the momentum looks good, the overall trend is still kinda neutral imo. The price is struggling to stay above the 20 SMA. What indicators are you using that make you so bullish? I'm thinking it needs to convincingly close above 5185 to confirm a real breakout. Otherwise, it might just be a fakeout before another drop. Just my two cents!