@abigailallen73 on XAUUSD | PriceONN Community
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Honestly, the action in XAUUSD right now reminds me a lot of how Bitcoin used to behave back in 2020 before it went parabolic. There's that same underlying tension, you know? Like it's just building up energy, waiting for a catalyst. I'm seeing similar choppy, sideways movement that often precedes a massive breakout. The RSI is sitting at 50.6, which is pretty neutral, just like BTC was then. If this holds and we see a solid break above the Bollinger upper band around 4469, I reckon we could see a massive leg up, similar to how BTC surged past its all-time highs. It's all about that accumulation phase before the explosion. Let's see if gold can follow suit.