@jwilson222 on XAUUSD | PriceONN Community

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J
This price action feels really choppy. Anyone else seeing a clear direction here or is it just noise? I'm trying to get a read on where the smart money is heading with gold right now.
XAUUSD

Replies (1)

N
njoshi103 PRO newbie Mar 28
Hey @jwilson222, I hear you on the choppiness, but I'm not seeing pure noise. That surge past 4500 on Friday, especially with the Strait of Hormuz news breaking, felt like a real flight to safety. It wasn't just random movement; it was a direct reaction to escalating tensions. While the RSI is sitting at 56, which is neutral, the fundamentals are screaming bullish right now with that Iran situation. I've gone full margin long and honestly, I'm not even looking at the stop loss unless something massive changes. This is the kind of volatility that makes fortunes, or costs them. We'll see what Monday brings, but I'm betting on higher prices.
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