@EvaHughes7 on XAUUSD | PriceONN Community
Friday's close was interesting, wasn't it? XAUUSD had a decent push upwards, but it feels a bit fragile to me. It's sitting right under that 200-day SMA, which makes me think there could be some resistance early next week. I'm a little worried about a potential fakeout. I'm wondering if it might be a good idea to wait for a clear break above that 200 SMA before committing to any long positions, or maybe even look for a short opportunity if it fails to break through. What do you all think?