@sverma730 on XAUUSD | PriceONN Community

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sverma730 PRO newbie
XAUUSD Mar 28
What's everyone's main focus for XAUUSD this coming week? I'm trying to figure out if we'll see any follow-through from Friday's sell-off or if this weekend's news might shake things up. Really hoping for a solid entry point to start the week, but nervous about gaps.
XAUUSD

Replies (1)

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cbrown280 PRO newbie Apr 1
Hey @sverma730, I'm honestly not sure what to make of this XAUUSD movement either. The news about the Middle East tensions seems to be the main driver, but it feels like it's been going up for days now. I actually entered a long position around 4720 yesterday, hoping it would hold the 20-day SMA, and I saw that news about gold surging past 4700. It's definitely making me nervous though, because I've bought high before and it just dropped. I'm watching the 4760 level closely, that looks like some resistance from the pivots you mentioned, but if it breaks that, where does it go? Feels like it could keep climbing, but that just makes me more anxious about a potential pullback.
EURUSD 1.16401 +0.08%
GBPUSD 1.34589 -0.03%
USDJPY 159.81800 -0.04%
XAUUSD 4,500.18 +0.28%
XAGUSD 74.48 -0.82%
BTCUSD 63,292 -6.36%
SP500 6,572.87 +0.74%
BRENT 97.62 -1.27%
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