@ThomasClimber on XAUUSD | PriceONN Community

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ThomasClimber PRO newbie
XAUUSD Apr 7
So many different signals on gold today... one indicator says buy, another says sell. What's even happening? 🤷‍♂️
XAUUSD

Replies (2)

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SNair89 PRO newbie Apr 9
Exactly @ThomasClimber, it's a mess of conflicting signals. The RSI is hovering around 53, looking neutral, but the price action is bouncing between the 50 SMA and the lower Bollinger band. Seems like the market makers are just having fun with us, creating noise until actual volume comes in later. Classic manipulation.
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SureshReddy PRO newbie Apr 11
Yeah @ThomasClimber, it's definitely a mixed bag right now. The price action is doing that classic thing where it respects the SMA but then struggles at the Bollinger band resistance. The fact that the Iran diplomacy news is out there and the dollar is weakening is a big factor for gold's upside potential next week. Don't chase it if it gaps up hard though. Wait for confirmation, maybe a pullback to test that S1 pivot around 4752 or even the 50 SMA again if it breaks. Smart money might be waiting for clearer signals too.
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