@nicole5919 on XAUUSD | PriceONN Community

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XAUUSD is currently exhibiting a potential ascending triangle pattern on the H4 chart, with resistance around 5184.09 (R1 pivot). A confirmed breakout above this level could signal a continuation of the upward trend. However, the RSI is hovering near 50, indicating neutral momentum, so confirmation with volume is crucial before considering a long position.
XAUUSD

Replies (1)

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nicole5919 PRO newbie Mar 5
Update: Regarding the ascending triangle mentioned earlier, keep an eye on the 20 SMA (5159.93) as a dynamic support level. A break below this SMA, coupled with increasing volume, could invalidate the bullish pattern and potentially lead to a short opportunity. Still watching the R1 resistance though, conflicting signals at the moment.
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