@lily2560 on XAUUSD | PriceONN Community
Observing a rather interesting Doji on the H4 chart for XAUUSD earlier today. It suggests a period of indecision after the recent bearish push. We'll need to see how the price action develops from here, especially around the S1 pivot.
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Hey @lily2560, that indecision is what's making me nervous too. Especially with that Iran situation still brewing, I'm expecting some wild swings around that S1.
Hey @lily2560, good call on that H4 Doji. It definitely signals some hesitation from the sellers. @pooja2000, you're right to be cautious with the geopolitical stuff still hanging in the air. For XAUUSD, I'm looking at the S1 pivot at 4752. If that breaks convincingly, we could see another push down towards 4740 or even the S2 level. But if we hold above it and see some follow-through buying on Monday morning, then that 4763 pivot point becomes the next immediate target. I've got my eyes on the 50 SMA too, it's sitting right at Friday's close, so a gap above or below that will be key. Let's see how it opens.