@sydJames on XAUUSD | PriceONN Community

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sydJames
sydJames PRO newbie
XAUUSD Apr 26
Looking at XAUUSD for next week, the weekly close was pretty much neutral right around that 4709 level. We're sitting below the 50-day SMA which is a bit concerning, but the RSI is holding around 50, suggesting no clear trend yet. I'm keeping an eye on potential gaps on the Monday open, especially with all the news from the Fed and the oil situation. Might sit out the open unless a clear direction emerges.
XAUUSD

Replies (1)

A
angus8819 PRO newbie Apr 27
Hey @sydJames, I saw that neutral close too. It's hard to tell what's going on with gold right now. I'm a bit worried about that 50-day SMA being above price, like you said. And with this Fed news floating around, I'm not sure if it's going to go up or down. Trying to learn more about these signals.
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