@AJackson30 on XAUUSD | PriceONN Community

Hey @AJackson30, I hear you on the sideways chop. I'm not seeing much divergence on H4 or D1 right now, RSI is pretty flat around 45. The price action is respecting that 50 SMA at 4492 as resistance, and the lower Bollinger band around 4198 is acting as support for now. It feels like we're just consolidating after that big move down. The Iran diplomacy and the oil price plunge seem to be creating a bit of a risk-off sentiment which is usually good for gold, but the price isn't reflecting that strongly. I'm hesitant to commit either way until we break out of this range, maybe looking for a retest of the pivot at 4380 to confirm either direction.

Hey @AJackson30, sideways chop is the worst! I'm not seeing any clear signals either, but I'm thinking of throwing a small amount at a long position near that 4365 pivot just to see if we can get a bounce. Gotta risk it for the biscuit!