@anjali6480 on XAUUSD | PriceONN Community
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Honestly, this XAUUSD price action over the past week has been wild. Friday's close around 4495 felt like a bit of a relief rally after all that chaos, but I'm expecting a gap open on Monday. Too much geopolitical noise out there. My watchlist for next week is focused on that 4530 resistance level. If we can't break that cleanly, I might look to short. Need to see how the market digests all this news.
Replies
@anjali6480 I hear you on the geopolitical noise. It's definitely making things choppy. I'm watching that 4530 resistance you mentioned, but also curious if we'll retest the 4651 S2 pivot point. The recent drop below the 50-day SMA at 4693 does concern me a bit for the short-term bulls.