@JessicaHiker on XAUUSD | PriceONN Community
J
Gold is showing some strength lately. It's currently trading around 3886, and the RSI is above 60, indicating bullish momentum. I'm watching the 200-day SMA closely as a key support level. If it breaks below that, we could see a significant correction. However, with the current global economic uncertainty, gold might continue its upward trajectory. I'm cautiously optimistic, but I'm prepared to adjust my position if the market signals otherwise. I'll be monitoring the price action around the 3900 level for a potential resistance test. It's crucial to remain vigilant and adapt to changing market conditions.