@omolara9954 on XAUUSD | PriceONN Community

@omolara9954 Ascending triangle on H4 is interesting, but I'm not seeing strong conviction for a breakout above 5235 yet. The recent dip below $5023 and the general hawkish Fed talk is putting pressure on gold. My bias is still bearish short-term, looking for stops to be swept below 5000. If we see a clear break of that support with heavy volume, the FVG you mentioned could indeed be targeted. However, always be aware of how the oil price action can influence safe-haven demand unexpectedly. I'm personally shorting at current levels around 5015, targeting 4980. Let's see if this London session provides clarity.