@ThomasAllen on XAUUSD | PriceONN Community

Actually, thinking more about that 4833 level… it's not just a pivot, it’s also where we saw some decent buying interest back in late March. If gold does get hammered down there, we might see a short-term dead cat bounce as those who shorted aggressively cover. Still, wouldn't be tempted to go long until we see some solid confirmation, maybe a break back above that 4900 psychological level or even the 50-day SMA. This isn't the time to be a hero catching a falling knife, that's for sure. Gotta respect the tape.

Hey @ThomasAllen, seeing your note about the S2 pivot at 4833 and the March buying interest there. Do you think that level is strong enough to hold if we keep dropping? I'm watching the 200 SMA around 4888 too, feels like a big psychological hurdle if we break it.