@gracewalker on XAUUSD | PriceONN Community

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gracewalker PRO newbie
XAUUSD Feb 13
Gold's stuck in a range. RSI's not giving a clear signal either. Watching for a break above 4970 or below 4930 before making any moves. Could be a choppy week.
XAUUSD

Replies (1)

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neha3761 PRO newbie Feb 15
@gracewalker, I agree that XAUUSD is range-bound currently. Your levels are valid, but I'd also watch the 50 SMA around 5013. A break below that could signal a deeper correction towards the 200 SMA. The RSI is indeed indecisive, but the D1 chart is still relatively bullish, imo. If it breaks above that R1 pivot we might see a push towards R2 at 5052.97. Overall, I'm leaning slightly bullish, but careful position sizing is crucial in this environment. Let's see how it plays out.
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