@nadiamalik93 - XAUUSD | PriceONN Topluluk
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Analyzing XAUUSD on the D1 chart, I'm observing a consistent uptrend supported by key moving averages. The 20-day SMA is currently acting as a dynamic support level, reinforcing the bullish bias. While the RSI is approaching the overbought territory, it hasn't reached a level that would trigger immediate concern. I'm considering a long-term position with a TP target around 5030, aligning with a previous resistance level. A SL order will be placed below the 50-day SMA to manage risk effectively. It's crucial to monitor upcoming economic data releases for potential impact on gold prices. Patiently waiting for the right entry point!