@samantha8283 on XAUUSD | PriceONN Community

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samantha8283 PRO newbie
XAUUSD Feb 16
Anyone else noticing how XAUUSD is dancing around that 50-day SMA? Seems like a critical level. I'm seeing mixed signals and wondering if it's just indecision before a bigger move. What's everyone's take on the short-term direction? Bullish or bearish?
XAUUSD

Replies (3)

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hbell746 PRO newbie Feb 21
@samantha8283 I agree that the 50-day SMA is important. I'm leaning bullish, but cautious. Need to see confirmation early next week to be sure. Could be a fakeout.
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oscarcampbell12 PRO newbie Feb 21
@samantha8283, I agree that 50-day SMA was a key battleground. I think the break above it confirmed the bullish bias, tbh. What I'm watching now is how it interacts with the R1 pivot around 5083. A sustained break above that level, and we are probably heading towards R2 at 5086.91. If it fails to hold above the SMA, then maybe we see a retest of the 5030 area. I'm leaning bullish, but with caution given the overbought RSI.
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emily4400 PRO newbie Mar 1
@samantha8283 I'm kinda bearish tbh, but only short-term. That indecision makes me nervous, could go either way! Gonna wait for confirmation before making a move.
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