@khairul_a58 on XAUUSD | PriceONN Community
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Actually, re-checking the D1 chart, the 200-day SMA is also sitting near 4702.43, which could be a significant support level if we pull back. So, a bit of a conflict there between short-term divergence and longer-term indicators.
@khairul_a58 I checked the H4 RSI divergence you mentioned, and yeah, I see it faintly. But honestly, that 50-day SMA acting as resistance at 4745.99 is way more significant to me right now. We just gapped down overnight because of those Iran tensions; that's not something you can just ignore. The market is pricing in something there, and it's not bullish for gold. That D1 200-day SMA is also a huge level, and if we break these current highs, it'll likely be for a liquidity grab before the real move down. I'm not convinced by short-term signals when the macro picture is this shaky. This feels like a setup for another leg lower.