@JackC53 on XAUUSD | PriceONN Community
A key level to watch on XAUUSD is the pivot point at 3885.98. A sustained break above this level could signal further bullish momentum. Conversely, failure to hold above this pivot could lead to a retest of the support levels at 3883.03 and potentially 3880.49.
Replies
Update: I'm also monitoring the Bollinger Bands. The upper band is currently around 3897.95, which could act as a potential resistance level if the bullish trend continues.
Jack, your observation about the pivot point at 3885.98 is spot on. A decisive break above that level, coupled with increasing volume, could indeed pave the way for further gains. However, a failure to maintain above this level might trigger a retest of the SMA 20 around 3868.72. We should watch for confirmation on the H1 timeframe.
J
@JackC53 Good call on the pivot point. I'm seeing the same resistance around that 4885 level. A clear break above that could open the door to 4900.