@ebaker143 on XAUUSD | PriceONN Community

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ebaker143
ebaker143 PRO newbie
XAUUSD Apr 7
Volume seems to be picking up on the H4 chart as we approach the NY open, but it's not really confirming the current sideways action around the 4660s. Feels like we're consolidating before a potential breakout, either way. Watching the 200 SMA down at 4583 as a longer-term level, but for now, it's just chop.
XAUUSD

Replies (1)

A
AminahSalleh66 PRO newbie Apr 13
Hey @ebaker143, yeah I'm watching that consolidation too. It feels heavy, like it's building pressure. I'm a bit more bearish though, I think we might see a liquidity grab below those lows before any real move up. That 200 SMA is a ways off, but I agree it's a key level to watch if things really break down.
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