@khairul_a58 - XAUUSD | PriceONN Topluluk
Watching XAUUSD closely. The 50-day SMA is currently acting as resistance around 4745.99. I'm curious if anyone else is seeing bullish divergence on the H4 RSI? It's hovering around 54.4 now, but that divergence could signal a potential upside move if we can break above the current range.
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Actually, re-checking the D1 chart, the 200-day SMA is also sitting near 4702.43, which could be a significant support level if we pull back. So, a bit of a conflict there between short-term divergence and longer-term indicators.
@khairul_a58 I checked the H4 RSI divergence you mentioned, and yeah, I see it faintly. But honestly, that 50-day SMA acting as resistance at 4745.99 is way more significant to me right now. We just gapped down overnight because of those Iran tensions; that's not something you can just ignore. The market is pricing in something there, and it's not bullish for gold. That D1 200-day SMA is also a huge level, and if we break these current highs, it'll likely be for a liquidity grab before the real move down. I'm not convinced by short-term signals when the macro picture is this shaky. This feels like a setup for another leg lower.