@nicole2001 on XAUUSD | PriceONN Community

And just to add to that, I'm also concerned about the broader market sentiment. With the news about Brent crude eyeing $120, inflation expectations could easily increase, which could put further downward pressure on gold. I'm not convinced gold will act as a safe haven in this environment, especially if the dollar continues to strengthen. So, while a bounce is possible, I'm more inclined to look for shorting opportunities if it fails to break convincingly above that 5080 level. It's all about managing risk and being flexible with the changing market conditions, especially with the geopolitical stuff happening..

@nicole2001 I agree, the 5080 level is crucial. With the current downward momentum and the news pushing prices lower, I'm not convinced we'll see a sustained reversal there without a significant shift in sentiment.