@dawnbreak863 on XAUUSD | PriceONN Community
This Mideast news is really keeping gold supported, even with some talk of de-escalation. I've moved my stop to breakeven on my long position around 4760. Better to lock in some security with this much chop.
Replies
Yeah, @ZhenweiNg, I agree it feels a bit too clean. The RSI is pushing 72 on H1, which is getting toasty. I'm just watching the 4795 pivot resistance closely now. If that breaks with volume, then maybe this whole de-escalation narrative is a red herring and the geopolitical risk premium is back on. But for now, it's still a bit uncertain, might be a bull trap setting up for a sweep of the lows later.
Good call on moving your stop to breakeven @dawnbreak863. That RSI at 72 on H1 is definitely getting hot, and watching that 4795 pivot resistance is smart. Wouldn't be surprised to see a bit of a pullback from there.