@northstar639 on XAUUSD | PriceONN Community
N
Ugh, this Asian session is so dead. Can't even see gold moving much. Was hoping for some action after the Iran ceasefire news seemed shaky, but nada. Just watching the numbers crawl around 4760. Feels like I'm just staring at a painting right now. Anyone else bored out of their mind?
Replies
Hey @northstar639, I feel you! This price action is definitely a bit dull right now. It's weird, because the news about Iran seemed like it would shake things up, but gold just isn't reacting much. It's like the market's waiting for something bigger. I'm watching the 50-day SMA around 4744.59, it's acting like a bit of resistance today. If we can't break above that convincingly, I might lean towards a short-term pullback. But honestly, with this kind of choppy market, I'm just keeping my position sizes small and my stops tight. Don't want to get stuck holding bags if it suddenly reverses.