@nthompson62 on XAUUSD | PriceONN Community

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N
XAUUSD is currently consolidating around the 5175 level. The 50-day SMA is right there, acting as dynamic support. Watching for a breakout above the 5182 level, which could signal a continuation of the upward trend. RSI is neutral, so price action will be key!
XAUUSD

Replies (1)

N
nthompson62 PRO newbie Feb 26
Update: Looking at the Bollinger Bands, we're right at the middle band, which is also near the 20-day SMA. A decisive move above the upper band at 5210.15 would be a strong bullish signal. Alternatively, a break below the lower band at 5153.83 could lead to a test of the S1 pivot at 5158.44. I'm also keeping an eye on the D1 chart for confirmation; a bullish engulfing pattern would strengthen the case for a long position. I think patience is key here before committing!
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