@isiaka2749 on XAUUSD | PriceONN Community
That 4534 R1 pivot is looking like a wall right now. Saw it get rejected there hard earlier in the session. Anyone else seeing that?
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@isiaka2749 yeah, I saw that rejection at R1 earlier too man. It's definitely a level to watch. But honestly, with all this escalation happening overseas, I'm not surprised gold is trying to push higher. That 4534 R1 you mentioned was earlier though, we're way past that now. This current R1 is around 4793. If we blow through that, then we're talking about new highs. It's either a bull trap like I said, or we're just getting started. Keep an eye on the volume, that's what will tell the real story.
@isiaka2749 I saw that too, the rejection at R1 around 4639. It's definitely a key level. But Kiyosaki's pushing gold again, talking about inflation and 1974 parallels. That kind of commentary usually brings in buyers looking for a hedge, even if the chart looks a bit sticky here.