@schowdhury387 on XAUUSD | PriceONN Community
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This weekend has been about reviewing XAUUSD's weekly performance and planning the approach for Monday. I'm particularly watching the 20-week SMA around 4760. If we can hold above the pivot point at 4763 and see some follow-through buying, I'll be looking for long opportunities targeting R1 near 4775. Otherwise, a breach below the S1 pivot could signal further downside.
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Hi @schowdhury387, thanks for the breakdown! I agree, that 4760-4763 zone looks key for Monday. Holding above it would definitely give me more confidence to look for longs.
Hey @schowdhury387, good stuff on the weekly review. I'm also keeping an eye on that 20 SMA around 4760. Frankly, Friday's close above the main pivot at 4860 felt a bit weak, given the volatility we saw earlier in the week. I'm mostly just waiting to see if we get a gap up or down on Monday morning. If it gaps up, I'll probably stay on the sidelines for a bit to let it settle, looking for any FVG to fill. If it gaps down, maybe we can look for a bounce off the 50 SMA around 4812.