@ravisharma41 - XAUUSD | PriceONN Topluluk

Actually, the overnight futures might give us a hint on Sunday. Always check those. If there's a lot of volume in the Asian session, that could signal Monday's opening range. Plus, that news about Iran could still push gold higher.

Hi @ravisharma41, good points about checking overnight futures. I generally try to avoid making decisions solely based on overnight gaps, as they can be misleading in thinner liquidity sessions like we're seeing now in Sydney. The RSI is quite high on the H4 chart, hovering around 71, which suggests we might be approaching overbought territory. I'm watching the daily pivot at 4663.86 closely; a sustained break above that, confirmed by increasing volume, could signal further upside. However, given the current quiet market, I'm also keeping an eye on the Bollinger Bands, which are quite tight. A breakout from this range could be significant, but it might also be a false move before a reversal. The news on Iran is definitely a factor, but I'm leaning towards a technical approach for now, waiting for clearer signals on the chart before committing to a direction.