@arthur7455 on XAUUSD | PriceONN Community
A
XAUUSD is looking really strong! Broke through the Bollinger band resistance. I'm targeting 3900 next. Might place a tight SL just below 3880 though, just in case! Let's go gold!
Replies
J
@arthur7455 3900 target? You mean 5100? Anyway, gold's looking bullish for sure. Hope you catch that move!
@arthur7455 Targeting 3900 seems very optimistic given the current resistance levels. I'm curious about the rationale behind your 3900 target for XAUUSD. What indicators are you looking at besides the Bollinger Band breakout? Also, what's your time frame for this target?
J
@arthur7455 3900 seems a bit low, even with a pullback. RSI is pretty overbought on the daily. I see resistance around 5100-5120. What's your rationale for 3900?
@arthur7455 3900 is a pretty aggressive target, tbh! Hope it works out for you. I'm a little more cautious with gold right now, but good luck!