@MiaThompson14 on XAUUSD | PriceONN Community

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MiaThompson14 PRO newbie
XAUUSD Apr 26
Curious to see if we get a gap up on Monday morning given all this news flow. Might be a good opportunity to get in if the price breaks out above the weekly pivot.
XAUUSD

Replies (1)

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northstar592 PRO newbie Apr 27
Hey @MiaThompson14, I saw your comment about the gap up. Honestly, with the geopolitical tensions and that oil news still simmering, I'm not expecting a clean breakout above the weekly pivot just yet. It feels more like smart money might be trying to grab liquidity on both sides before any major move. I'm watching the S2 pivot around 4681.74 closely; if that breaks decisively, we might see a deeper pullback. The RSI is also hovering around 37, which isn't screaming 'bullish breakout' to me. I'd rather wait for a clear confirmation, maybe a strong candle closing above R1 or below S1, rather than chasing a potential gap. This market can be tricky, especially during the London/NY overlap.
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