@samuelclark on XAUUSD | PriceONN Community

Actually, upon further reflection regarding that Middle East news and its impact on gold, I'm starting to lean more bearish for the immediate short term. It feels like that surge was purely headline-driven speculation, a classic pump before a dump. The mining company news about PGM's is interesting, but it doesn't really impact the broader gold market sentiment, which is still heavily influenced by geopolitical jitters. I'll be looking for shorts if we start to falter early next week, especially if we can't reclaim that 4690-4700 area. The charts suggest a potential head and shoulders forming on the H4 if we don't see immediate follow-through buying. I'll be keeping a close eye on the RSI as well; if it starts to dip below 50, that's another confirmation for a bearish outlook. It's the kind of movement that makes you think the market makers are just playing games with retail traders' stop losses.