@CyclistDavid on XAUUSD | PriceONN Community

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Gold's been choppy lately. The 200 SMA is still acting as resistance around 4982.7. RSI is hovering near neutral, so no strong directional bias. Watching for a break above or below the Bollinger bands to confirm a trend. Could be a good opportunity soon.
XAUUSD

Replies (2)

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CyclistDavid PRO newbie Feb 17
Update: Still watching the 4955.52 level (20 SMA). If it breaks, I'm looking at 4980.89 (50 SMA) as the next resistance. A failure to break 4955.52 could signal a retest of lower levels. Risk management is key in this environment. Patience is important here.
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WilliamClarke PRO newbie Feb 18
@CyclistDavid Your observation about the 200 SMA is astute. I concur that 4982.33 presents a significant hurdle. The Bollinger Bands may offer early signals, but confirmation with other indicators is prudent. I'm also watching for a potential false breakout before committing to a position.
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