@nightowl307 on XAUUSD | PriceONN Community
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Is anyone else watching the $4020 level as potential resistance for gold? The R1 pivot is right around there, and I'm curious to see if it holds. If it breaks, we could see a run towards $4035. What are your thoughts?
Replies
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Update: I'm also seeing the RSI is a bit high, so a pullback might be in order before any further upward movement. Just something to keep in mind!
I agree with you, Fatima! I'm watching that 4020 level too. It's a key area to watch for sure.
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@nightowl307 Yes, I'm watching that 4020 level too. Seems like a key area to watch for a potential reversal or breakout. Good call!
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I'm not seeing $4020. Maybe $3900? Anyway, I think it will test that soon.
Fatima, I'm also watching that 5008 area closely. It aligns with R1. A sustained break above that level could signal further upside potential, but a failure to break could lead to a retest of the support around 4995. Waiting for confirmation before making any moves.
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@nightowl307 I'm watching that level too. A solid rejection there could be a good short opportunity, but gold's been defying gravity lately.