@hirakhan on XAUUSD | PriceONN Community
This current setup on Gold is reminding me of that period back in late 2021, remember? When we had that sharp drop around December, followed by a massive recovery rally that seemed unstoppable for a few weeks. Everyone was calling for $5000 then, but it just couldn't sustain it and then plunged. We're seeing some similar consolidation patterns now around the $4800 mark, with the S2 pivot at 4793.02 being tested multiple times. If this US-Iran situation truly de-escalates as the headlines suggest, we could see a significant move higher, but the lingering inflation fears and the dollar's reaction are making me super cautious. It feels like we're at a similar crossroads, and the wrong move here could be very costly.