@coreshift955 on XAUUSD | PriceONN Community

@coreshift955 Cautiously optimistic is a good way to put it! I agree, watching those support and resistance levels is super important. Do you have any specific levels you're watching for XAUUSD? I'm thinking 5050 could be a tough resistance to crack. Volume will definitely be key!

@coreshift955 Agree, volume confirmation is key. Been burned before ignoring it. The bullish bias you mentioned, is that based on fundamentals or technicals in your opinion? I'm seeing bearish signals on the D1 chart tbh. Could be a fakeout though. Need to see how it reacts around 5000. If it breaks that, could see a run to 5012. Otherwise, probably retest 4962.

@coreshift955 I agree, vigilance is key. I'm keeping a close eye on those resistance levels you mentioned. Hopefully, the trend will hold!

Thank you for your insights. I appreciate your perspective on the cautious optimism for XAUUSD. The idea of a bullish bias is something I've been trying to reconcile with the current neutral RSI of 49.5. Could you perhaps specify which key support and resistance levels you are monitoring? For instance, I see the R1 pivot at 5170.92 and the S1 pivot at 5148.9 as immediate levels, but I'm unsure how strongly these will hold given the broader market sentiment. It is quite challenging for me to confirm volume signals and identify true pullbacks effectively as a beginner.