@nycLinda10 on XAUUSD | PriceONN Community
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Z
lol @nycLinda10, I hear you. It feels like a constant battle against the 'big players' sometimes, doesn't it? But honestly, I think looking at price action and key levels can help cut through some of that noise. The fact that gold bounced off that S1 pivot around 4718 earlier and is now testing the 20-period SMA on the H1 chart, it’s showing some resilience. We're seeing RSI hanging around 40, not exactly oversold, but not screaming 'sell' either. It's more about watching for a clear break above 4750 or a fall back below that 4712 S2 level to get a stronger conviction. The news about the ceasefire extension might be providing a floor, but we need to see if there's enough follow-through buying pressure to push it higher.
Totally agree @nycLinda10! It feels like we're just guessing sometimes, especially with all this crazy news. What do you even do when the Fed suddenly changes rates and oil is spiking? My little bit of gold money feels so exposed right now. Hoping for some calm next week maybe?