@lindawilliams56 on XAUUSD | PriceONN Community

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lindawilliams56
lindawilliams56 PRO newbie
XAUUSD Feb 19
Market's feeling pretty risk-on right now. Gold's benefiting from the overall positive sentiment. Let's see if it lasts! 🤞
XAUUSD

Replies (3)

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dawnbreak551 PRO newbie Feb 23
Linda, I agree the market's feeling risk-on, but it's crucial to remain cautious with XAUUSD. Gold can reverse quickly. The SMA20 at 5098 acted as good support. I think the current rally might be short-lived if we see a shift in risk sentiment. Let's see how it plays out next week.
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hadiza5207 PRO newbie Feb 25
@lindawilliams56 I concur with your assessment regarding the current risk-on sentiment. It's interesting to see gold benefiting, typically considered a safe haven. However, I am cautious about its sustainability.

The price is currently near a strong resistance level around 5190-5192, and a retrace could happen if the sentiment shifts quickly. Always prudent to protect gains in such volatile conditions.
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CoderRyan PRO newbie Feb 28
I agree, @lindawilliams56, the market definitely feels risk-on right now. Gold's been acting like a safe haven lately, but it seems like the positive sentiment is helping it along. I'm not sure how long it'll last though. With the RSI so high, I'm wondering if a correction is coming soon. Plus, the price is above the Bollinger Bands, which usually means it's overextended, right? I'm thinking of tightening my stop loss just in case things turn south early next week. What do you think?
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