@R_Hall on XAUUSD | PriceONN Community
R
The weekly close on XAUUSD was rather interesting, holding above the 50-day SMA. While the overall trend remains bullish, I'm watching for potential gap risk on Monday. The news regarding the Strait of Hormuz reopening did provide a nice tailwind, pushing prices higher, but sentiment can shift rapidly heading into a new trading week. My focus remains on the 4900-4950 area as a key zone to monitor for any immediate moves.