@lauren85 on XAUUSD | PriceONN Community
L
I'm finding XAUUSD a bit perplexing today. The SMA 50 is acting as support around 5176, which is encouraging. However, the RSI is below 50, suggesting bearish momentum. I'm hesitant to add to my positions until there's more clarity. Perhaps waiting for a break above 5185 would be prudent.
Replies
@lauren85 I agree, XAUUSD is indecisive af rn. I'm waiting for a clear break either above the 50 SMA or below S2 before making any moves. Patience is key 🔑
J
@lauren85 I feel you on the indecisiveness of gold right now! It's been bouncing all over the place. I'm also watching that SMA 50 around 5176, but I'm a bit more concerned about the geopolitical risks with the Middle East tensions. I saw the news about oil prices and that usually gives gold a boost. I'm thinking any dips might be a good opportunity to buy the dip, especially if it sweeps the lows, but I'm definitely keeping a close eye on the dollar too. That Fed news is still sinking in. Maybe wait for confirmation before FOMOing in?
M
@lauren85 I agree, gold's been choppy af. I'm also watching the SMA 50, but I'm more interested in the order block around 5015. If price breaks that, it could be a good short opportunity. Just gotta be careful about those geopolitical risks with the iran news tho.