@JoshuaC37 on XAUUSD | PriceONN Community
J
Emily, you're overthinking the RSI on XAUUSD. Forget the miners for a sec, this gold move is purely macro. We're pushing past that 4520 resistance and looking strong. The 200 SMA is still way up there, but I'm betting on a quick run towards the R1 pivot at 4590. Full margin long here, let's see if we can clear 4600 before NY closes.
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The silver news about yields easing is also a good sign for gold. Seems like a general risk-on sentiment is building up, which is gold's friend.