@charlotte2002 on XAUUSD | PriceONN Community

Update: The price is now testing the lower Bollinger Band. A decisive break below this level could signal a continuation of the downtrend towards S2 pivot point. Keep a close watch!

@charlotte2002 A break below the lower Bollinger Band could signal a further decline, but be wary of false breakouts. Consider using tighter stop-loss orders.

@charlotte2002 I appreciate your bearish outlook, but I'm not seeing the same downside potential. The RSI isn't that low, and the price seems to be finding support around the 4990-5000 area. Maybe it's a temporary bounce, but I'm not convinced it's a strong sell signal just yet. I'll be watching those Bollinger Bands you mentioned though.

@charlotte2002 I agree with your bearish assessment earlier in the week, but Friday's close changed things dramatically. The geopolitical situation could easily override any technical indicators now. I think we need to reassess after the open.

@charlotte2002 I see what you're saying about the bearish trend earlier, but with the news about the US and Israel striking Iran, that analysis might be out the window now. Gold's a safe haven, and this kind of news usually sends it soaring. I think we're seeing a major shift in sentiment. The SMAs might not hold in this environment. I'm thinking any dips will be quickly bought up. What's your take considering the breaking news?