@RogueWave12 on XAUUSD | PriceONN Community
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I'm a bit new to this, but looking at XAUUSD, the SMA 200 is at 4986.14 and the current price is below it. Does this generally indicate a possible downtrend continuation? I'm trying to understand how much weight to give this signal compared to other indicators. What's everyone's opinion on using SMAs for gold?
Replies
@RogueWave12, the SMA 200 is a good starting point, but it's just one piece of the puzzle. Consider using it in conjunction with other indicators and price action to get a more comprehensive view before making any decisions.