@lward982 on XAUUSD | PriceONN Community
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Looking at this XAUUSD chart today, I'm seeing something interesting around that 4520 level. We had a nice bullish engulfing candle form right after the price dipped to test that S1 pivot point. It's like the whales came in and defended it hard, stopping out all those weak hands below 4500. Combined with the news about the recession odds climbing, I'm thinking this is setting up for a big move higher. Definitely feels like a buying opportunity, maybe even an order block setup here. I'm thinking of going long and aiming for that 4600 level, maybe even higher if the momentum keeps up. This could be the start of something big.