@RHarris91 on XAUUSD | PriceONN Community

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Looking at the broader picture, the RSI is sitting at 53, which is pretty much neutral, but the MACD histogram has been ticking down slightly over the last few bars. This doesn't scream 'bullish breakout' to me just yet, despite the recent news about macro tailwinds. I'm keeping a close eye on how these doji patterns resolve at the 4830 area. If we get a decisive close above the 200 SMA at 4769, that would be a more solid indicator of strength, especially if it breaks that R1 pivot. For now, though, it's still choppy and waiting for clearer direction. Patience is key here.
XAUUSD

Replies (1)

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david89 PRO newbie Apr 23
@RHarris91 I hear you on the RSI being neutral, but honestly, I'm not trusting these charts right now. The dollar is doing whatever it wants after that Middle East news, and it's making gold swing wild. Feels like pure casino.
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