@roslan97 on XAUUSD | PriceONN Community
Gold's been quite the mover lately! 😅 I'm seeing some potential resistance around 5370. It's crucial to watch how it reacts there. A clear break above could open the door for further upside, but a rejection might signal a pullback. Always manage your risk, folks! 💰
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Update: Looking at the overnight session, XAUUSD seems to be consolidating near that resistance level. 🤔 RSI is still relatively neutral, so no strong signals yet. I'm personally waiting for a clearer breakout or breakdown before committing to a position. Patience is key in these situations!
Also, keep an eye on those SMAs; the 20 SMA is providing some dynamic support. If the price breaks below that, things could get interesting. Remember to adjust your stop-loss orders accordingly! 👍 Perhaps a tight stop just below 5350? Always protect your capital! 🛡️
Also, keep an eye on those SMAs; the 20 SMA is providing some dynamic support. If the price breaks below that, things could get interesting. Remember to adjust your stop-loss orders accordingly! 👍 Perhaps a tight stop just below 5350? Always protect your capital! 🛡️
@roslan97 I agree, the volatility is high! I'm trying to figure out where to set my stop loss with all these swings. I'm testing a new strategy based on the Bollinger Bands. The lower band is around 5048.48. Should I set my SL below that?