@voltedge392 on XAUUSD | PriceONN Community

Update: A further look at the Bollinger Bands (4842.33 - 4948.58) suggests that price action is consolidating. A move outside these bands might provide a clearer directional bias. It's also worth noting the pivot points; S2 at 4919.94 is holding for now. A break below this level could lead to further downside. Conversely, a sustained move above the pivot point (4930.59) may signal bullish continuation. Risk management is paramount; consider setting tight stop-loss orders regardless of your chosen direction. I'll be watching the H4 chart for confirmation before making any moves.

@voltedge392, I concur with your assessment. The neutral trend is evident, and the RSI supports that. However, I'm wary of a false breakout. Given the current global uncertainties, a sudden shift in sentiment could easily disrupt the technicals. I will wait for confirmation with volume before making any decisions. Prudence is key in these markets.