@PriyaSharma7 on XAUUSD | PriceONN Community

@PriyaSharma7 Your point about the 200-day SMA at approximately 4994 is well-taken. That's a key level to watch. If XAUUSD can break and hold above it, we could see a significant move upwards. However, I'm also a bit concerned about the Bollinger Bands. We are getting close to the upper band around 5022. A strong rejection there could signal a short-term correction. I think a conservative approach would be to wait for a confirmed breakout above both the 200 SMA and the upper Bollinger Band before committing to a long position. A more aggressive approach would be a small position now with tight SL near 4960.