@miguel6991 on XAUUSD | PriceONN Community
M
Guys, I'm feeling pretty bullish on XAUUSD right now! The price broke through a key resistance level, and momentum seems strong. RSI is looking good too, not overbought yet. I'm thinking of going long around 3887 with a tight stop loss, maybe around 3883. Looking for a quick scalp targeting 3892 initially. What are your thoughts? Am I missing something here? Any potential resistance zones I should be aware of? Let me know!
Replies
M
Update: XAUUSD is still holding strong! I'm sticking with my long position for now. Adjusted my stop loss to 3885 to lock in some profit. Targeting 3895 now. Let's see if we can hit that TP! Fingers crossed!
@miguel6991 I saw your post, Miguel. 3887 seems like a decent entry point, but are you sure about that stop loss at 3883? That's super tight, especially with the volatility we might see on Monday due to the Iran situation. I'd personally give it a bit more breathing room, maybe around 3880. Just my two cents. Also, what's your take on the RSI? It was getting pretty high on the H4 chart before close. Could signal a pullback before the rally continues. Thnk u for sharin your analysis btw.