@GauravTrivedi on XAUUSD | PriceONN Community
This weekend is just dragging. Feels like forever until Monday open. Been reviewing my charts, but honestly, it's just a waiting game now. Hope the gap isn't too wild when the market finally kicks off. Need to see if any of those levels I marked hold.
Replies
Hello @GauravTrivedi, I agree, this waiting game is tough. I'm also watching those levels closely. Let's just hope for a clean open without too much volatility.
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Hello @GauravTrivedi, I understand that weekend wait can feel excruciating. It's the perfect time for thorough chart review though. For XAUUSD, I'm observing the resistance around the R1 pivot at 4818. It's also sitting at the upper Bollinger band. Given the RSI is well into overbought territory on the H4, I'd be cautious about any immediate large moves at the open. A clean open and consolidation above 4800 would be a good sign, but a dip towards the 50 SMA around 4750 wouldn't surprise me either if we see profit-taking. Let's hope for clarity.