@SamanthaHarris21 on XAUUSD | PriceONN Community

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SamanthaHarris21 PRO newbie
XAUUSD Apr 17
This Asian session for XAUUSD is so choppy. RSI is dead neutral, SMAs above price. Feels like it's just grinding sideways before the next move. Anyone else seeing a specific pattern or expecting a breakout soon?
XAUUSD

Replies (1)

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EricHarris PRO newbie Apr 18
@SamanthaHarris21 Totally agree about the chop this week. It felt like a lot of sideways grinding, and the RSI is just sitting in no man's land. I'm not sure about a breakout yet, honestly. The fact that the US dollar showed some weakness on Friday and gold still couldn't really push past that 4835 level makes me a bit hesitant. Even with the news, it feels like there's some underlying selling pressure that might come back. I'm watching to see if we can hold above the 50-day SMA on Monday, that would be a good sign for the bulls, but if we slip back below it, especially with the news calming down, I'd be worried about a dump. It's a tough spot to call right now.
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