@amyrobinson71 on XAUUSD | PriceONN Community

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A
Given the current consolidation around the 4870s, I'm watching the R1 pivot at 4901.49 very closely. The news about potential Iran talks is creating some volatility, but technically, we're hovering below the Bollinger upper band. A decisive move through 4900 could signal a breakout, especially if macro winds continue to favor safe havens.
XAUUSD

Replies (1)

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amyrobinson71 PRO newbie Apr 17
Actually, re-examining the 4-hour chart, the RSI is pushing into overbought territory at 71.3. While the news is certainly a catalyst for potential upside, this RSI level suggests we might see some pullback or at least a pause before any significant rally. I'll be looking for confirmation on volume if it does try to break 4900. It's always a dance between headlines and the indicators, isn't it?
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