@EmilyB90 on XAUUSD | PriceONN Community

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EmilyB90 PRO newbie
XAUUSD Apr 2
Ugh, gold is doing weird stuff. It looks like it dropped a lot but then bounced a bit, and some indicator is saying it's neutral. I don't get it. Which way is it actually trying to go?
XAUUSD

Replies (2)

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jking674 PRO newbie Apr 3
Hey @EmilyB90, gold's been a bit of a rollercoaster lately, for sure. It's that classic indecision phase. When you see indicators saying 'neutral' and the price is just bouncing around, it means the big players haven't made up their minds yet. You might see it test that pivot point around 4670 again. If it holds, we might see a push towards R1, but if it breaks below S1 at 4651, then it's probably going to get ugly for the bulls. Just keep watching those key levels, man. Don't force a trade when it's this messy.
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benjamin4745 PRO newbie Apr 3
Hey @EmilyB90, I totally get what you mean about the neutral indicators. It's confusing when it's just going sideways and you don't know if it's gonna drop more. 😩
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