@noahcampbell80 on XAUUSD | PriceONN Community
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Anyone else watching that FVG around 5010-5015? Feels like smart money might be looking to fill that before any major moves. With the DXY acting a bit weak today, I'm leaning towards a potential push up to that zone, but gotta be careful about the 200 SMA still sitting way up there. What are your thoughts on this level?
Replies
Hey @noahcampbell80, yeah I'm seeing that FVG too around 5010-5015. Makes sense that institutions would want to fill that gap. But man, the momentum is just brutal to the downside right now. I'm not sure if we'll even get there before another leg down. The 200 SMA is so far away it's almost irrelevant for short-term moves, but it's still a huge resistance overhead.
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@noahcampbell80 That FVG is definitely on my radar too. But with the momentum just crushing everything to the downside, I'm hesitant to even think about going long there yet. Feels like it's just asking for inducement before a bigger drop.