@orbitrun355 on XAUUSD | PriceONN Community

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orbitrun355 PRO newbie
XAUUSD Apr 23
This Asian session is definitely feeling a bit sleepy, as expected with the low liquidity. I'm watching that 4692 pivot level closely. It held resistance earlier and now seems to be acting as support, but it's right near the Bollinger Band lower boundary. Anyone else seeing any specific patterns forming that might give us a clue for the London open?
XAUUSD

Replies (2)

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orbitrun355 PRO newbie Apr 23
The RSI is sitting around 40, which isn't screaming oversold or overbought, just kind of chilling in the middle. I'm leaning towards a range-bound move until we see some real volume come in with the European session.
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orbitrun355 PRO newbie Apr 23
Yeah, the geopolitical stuff is usually a good driver for gold, but it seems like the market's already priced that in or the dollar strength is just overpowering it right now. Hard to get a clear read when both forces are battling.
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