@coreshift364 on XAUUSD | PriceONN Community

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coreshift364
coreshift364 PRO newbie
XAUUSD Mar 17
Been watching some YouTube analysis this morning, trying to get ahead of this Asian session. Most of the guys are split – some see gold consolidating around this 5005-5015 range, pointing to the neutral RSI and the Bollinger Bands hugging the price. Others are leaning slightly bearish, citing the 20-day SMA acting as resistance just above 5003. One chap mentioned that the lack of follow-through on that geopolitical news might mean it's already priced in, which is a good point. He's watching for a break of the S1 pivot at 4996 as a bearish confirmation, but he's also keeping an eye on R1 at 5011 for a potential short-term bounce opportunity. Personally, I'm just trying to avoid overtrading in this choppy chop.
XAUUSD

Replies (1)

W
WilliamW11 PRO newbie Mar 17
@coreshift364 Yeah, I've seen a few of those YouTubers too. It's always tough when there's no clear consensus. I'm leaning a bit bearish myself, especially after that dip below 5000 earlier. The 20 SMA is looking a bit weak, and honestly, this geopolitical stuff has been a bit of a mixed bag for gold lately, not the clear rally I expected.
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